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Allowbility of 44 ad

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 November 2014 SIR

IF A PERSON RAM OPERATE A "NEWS WEBSITE" AND PUBLISH NEWS ON HIS WEBSITE AND EARN A INCOME BY ADVERTISEMENT ON THIS WEBSITE.

THAN EARNING FROM WEBSITE IS COMMISSION OR NOT .

AND IS HE FILE HIS RETURN IN 44AD OR NOT ;

PLS. SUGGEST
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Amol S Joglekar

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Amol S Joglekar (Expert)
10 November 2014 44AD talks of eligible business.
"eligible business" means,—
(i) any business except the business of plying, hiring or leasing goods carriages referred to in section 44AE; and
(ii) whose total turnover or gross receipts in the previous year does not exceed an amount of 44[one crore rupees
So? This can be covered under 44 AD
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