Allowbility of 44 ad

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This query is : Resolved

Querist : Anonymous

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

Amol S Joglekar

Amol S Joglekar (Expert)
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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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