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
2 Replies
Kapadia Pravin
(17259 Points)
Replied 30 August 2019
Professional amount received from coaching Institute does not fall in 44ADA.
You should opt for 44AD under code - Other professional services
You should opt for 44AD under code - Other professional services
Rahul Gupta
(Accountant)
(68 Points)
Replied 30 August 2019
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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