business code u/s 44ad is to be selected for income declared u/s 44ad.

Section 44AD of the Income Tax Act, 1961 provides a presumptive taxation scheme for certain eligible businesses. Under this section, eligible taxpayers engaged in specified businesses can declare their income at a prescribed rate without maintaining regular books of accounts.

To select the business code for income declared under Section 44AD, you need to identify the specific nature of your business or profession. The business codes are specified in the Income Tax Rules, 1962, under the "Profits and Gains of Business or Profession" section.

Here are some common business codes that can be selected for income declared under Section 44AD:

1. Retail Trade: 4401
2. Wholesale Trade: 4402
3. Restaurant Business: 4403
4. Hotel Business: 4404
5. Food Processing Business: 4405
6. Real Estate Agency Business: 4406
7. Medical Profession: 4410
8. Architectural or Engineering Profession: 4411
9. Legal Profession: 4412
10. Accounting Profession: 4413

These are just a few examples, and there are numerous business codes available depending on the specific nature of your business or profession. You can refer to the Income Tax Rules or consult a tax professional to determine the appropriate business code for your particular business or profession.