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Income tax for cement dealer

This query is : Resolved 
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(Querist)
13 May 2022 Hi,

Can a cement dealer opt for presumptive taxation under section 44AD?

I am referring to below :

44AD (6) The provisions of this section, notwithstanding anything contained in the foregoing provisions, shall not apply to—

(i) a person carrying on profession as referred to in sub-section (1) of section 44AA;

(ii) a person earning income in the nature of commission or brokerage; or

(iii) a person carrying on any agency business.

This says 44AD is not applicable to agency business. Is cement dealer termed as agency business under income tax?

Regards,
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 May 2022 If you are buying cement and selling in your name as cement dealer 44AD applicable.
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