Applicability of section 44 ad

This query is : Resolved

Shehin M K (Querist)
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25 May 2017 My client is providing Branding, promotional campaign, designing logos etc. and have a turnover of 40 lakhs.

Can 44 Ad applicable so that profit can be taken @ 8℅?

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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26 May 2017 Yes return can be filed u/s 44AD. If turnover includes any digital payment or payment by cheque, draft etc then 6% of that turnover may be declared as net profit.

Shehin M K

Shehin M K (Querist)
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26 May 2017 Do it considered as a profession of business?
TDS is deducted under section 194C and 194 J.
My doubt is that do it considered as a profession since Tds is deducted under section 194 J?

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