Export of it services and presumptive taxation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 January 2017
Under Presumptive taxation , Professional can declare 50% of professional fee receipt as income and pay income tax on it.
My question is - Is presumptive taxation applicable to Professional who are engaged in export of information technology service to US client and earns in USD ?
My question is - Is presumptive taxation applicable to Professional who are engaged in export of information technology service to US client and earns in USD ?
CA Suresh Jain
(Expert)
19 January 2017
The IT service generally are covered by the meaning of , "technical services" and therefore eligible for computation of income on presumptive basis u/d. 44ADA
The IT service generally are covered by the meaning of , "technical services" and therefore eligible for computation of income on presumptive basis u/d. 44ADA
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