My friend is having a small business of writing accounts and filling GST, EPF etc. He wants to know whether he to file IT under business or Profession.
I understood from one of the CA. he told me that his business will be not treated as income profession, because definition profession is different. Please suggest me the same and tell me the business code for his business.
1 If his income treated as business income what is his business code?
2 If his income treated as profession income what is his business code?
He will be filling under 44AD or 44ADA.
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