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Nature of business codes under 44ada

19 May 2018

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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6 Replies

CA Mayur Todmal (Practicing CA) (7756 Points)
Replied 19 May 2018

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

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Rishi (Others) (353 Points)
Replied 19 May 2018

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