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Section 44ada

Others 273 views 2 replies

Dear Sir,

Please let me know Income from Professions Under Section 44ADA (Professional Fee 194J Received from Coaching Institute) 

What is the business code under section 44ADA

 

Replies (2)
Professional amount received from coaching Institute does not fall in 44ADA.
You should opt for 44AD under code - Other professional services

Total income is 2.5 Lakh than we opt for which one?

Presumptive income under section 44AD
6% of E1a or the amount claimed to have been earned, whichever is higher  
8% of E1b or the amount claimed to have been earned, whichever is higher  
Total (a + b) 0


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