COOLY FLOUR MILL

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INCOME TAX PRACTITIONER
1329 Points Posted on 30 July 2020

FLOUR MILL COOLY RECEIPT IS 44AD OR 44ADA?  BUSINESS CODE PLEASE.

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On 30 July 2020 at 20:05 Report
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This discussion clarifies the correct business code for a Cooly Flour Mill. It addresses the common query of whether to use section 44AD or 44ADA of the Income Tax Act. The key distinction is highlighted: 44AD is for general businesses, while 44ADA is exclusively for eligible professionals. The content aims to help flour mill owners determine their appropriate tax classification.

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Finance/Compliance Consultant
69550 Points Posted on 09 August 2020

44ad is for businesses and in 44ADA only eligible professionals are allowed as per laws

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On 09 August 2020 at 19:06
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Tax and Business Consultant
11616 Points Posted on 09 August 2020
Flour Mill Cooly......means...?

is it Cooly working in flour Mill..
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On 09 August 2020 at 19:36

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