List of Businesses/ Professions that cannot opt for presumptive taxation scheme

1. LIST OF BUSINESSES/ PROFESSIONS THAT CANNOT OPT FOR PRESUMPTIVE TAXATION SCHEME COVERED U/S 44AD https://taxguru.in/income-tax/list-businesses-professions-opt-presumptive-taxation-scheme-covered-u-s- 44ad.html Any resident individual; resident Hindu Undivided Family and resident Partnership Firm (not LLP) whose total turnover/ gross receipts for the year don’t exceed INR 2 Crores are eligible to opt for the presumptive taxation scheme covered u/s 44AD of the Income Tax Act. Notably, presumptive taxation scheme u/s 44AD is applicable to all the businesses except the following listed ones – 1. Business of plying or hiring or leasing of goods; 2. Agency business; 3. Business earning income either from Commission or Brokerage; 4.Professions as referred under section 44AA(1) [i.e., legal profession; medical profession; engineering profession; architectural profession; accountancy profession; technical consultancy profession; interior decoration profession or any other notified profession]. For ready reference, the following table summarizes the list of businesses/ professions, along with the relevant ITR business code, who cannot opt for presumptive taxation scheme u/s 44AD – List of Businesses/ professions who cannot opt u/s 44AD Computer and related services Software development Other software consultancy Data Processing Database activity and distribution of electronic content Other IT enabled services BPO services Maintenance & repair of office, accounting and computing machinery Health Care Services General hospitals Speciality and super speciality hospitals Nursing homes ITR business code 14001 14002 14003 14004 14005 14006 14008 18001 18002 18003

2. Diagnostic centres Pathological laboratories Medical clinics Dental Practice Ayurveda Practice Unani Practice Homeopathy Practice Nurses or physiotherapists or other para-medical Practitioners Veterinary hospitals and practice Medical education Medical research Practice of alternative medicine Other healthcare services Professions Legal profession Accounting, book-keeping and auditing profession Tax consultancy profession Architectural profession Engineering and technical consultancy Fashion designing profession Interior decoration Photography profession Business & management consultancy activity Culture and sport Individual artists (excluding authors) Literary activity Other cultural activities Others Secretarial activities Medical profession Film artist General Commission Agent 18004 18005 18010 18011 18012 18013 18014 18015 18016 18017 18018 18019 18020 16001 16002 16003 16004 16005 16007 16008 16009 16013 20010 20011 20012 16018 16019 16020 9005