Hello Fellows,
I want to know what NOB codes are applicable for 44ADA last year it was from 601-607 , but this year codes have changed.
I believe Codes 16001 to 16009 are eligible for 44ADA this year, please confirm.
Regards
Ranjit Singh
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Nature of business codes under 44ada
Replies (6)
44ADA Covers
Legal profession 16001
Accounting, book-keeping and auditing profession 16002
Tax consultancy 16003 ( ?)
Architectural profession 16004
Engineering and technical consultancy 16005
Interior decoration 16008
Medical profession 18001-18017
R/sir, A PERSON DOING (RMP) PRACTICE CUM RETAIL MEDICAL STORE, HE HAS NOT A PROFESSIONAL DEGREE, HIS TOTAL SALE IS ABOUT 3.5 LAC per annum. HIS MOSTLY SALE IS WITHOUT BILLS. HE FILED LAST 3 YEARS INCOME TAX RETURNS IN 44AD WITH LIMITED PROFFIT UNDER (0202-Trading [Retailers] BUSINESS CODE. BUT THIS YEAR (A.Y. 2018-19) NATURE OF BUSINESS CORES ARE CHANGED.
PLZ TELL ME NOW WHICH CODE IS SUITABLE FOR MENTIONED PERSON.
THANKS
Thank you Mayur Todmal for clearing things.
Found the full list of business code in pdf format ...
uploading here for ready reference...
Please let me know if Income under ITR code 16013 is eligible for the benefit under sec 44ADA?
Please let me know if Income under ITR code 16013 is eligible for the benefit under sec 44ADA?
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