I have a photo studio business with income of 20 to 25%, I have filled ITR for FY 2017-18 in Presumptive income under section 44AD using Nature of Business code 16009-Photography with income of 20%. Now when I am trying to file the same for FY 2018-19 Nature of Business code 16009 removed from 44AD and added to 44ADA. I don't have income of above 50% as I usally do wedding photography with rental cameras.
Now, how to file ITR for FY 2018-19, If I have to file ITR 3, then I am not maintaining proper books as per accounting standards.
Please help me on this.
Thank you
Menu
Nature of Business code 16009 changed from 44AD to 44ADA from FY 2018-19
Replies (2)
No one can help in this case, as its upto ITD to consider such matter and decide. Business chambers or mother institutes like ICAI. ICSI etc. can represent such anomalies.
The irony is if you do not accept the 44ADA option, you will require to go for tax audit of your books of accounts!!! (only if your total income exceed BEL)
use code 16019 - other Professional services in 44AD
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
