banner_ad

Income tax sec.44ad

This query is : Resolved 
Profile Image

Profile Image

(Querist)
02 July 2014 My dear expert, Pleas help me,

One of our client doing Advertising Agency business in news paper advertisement only.

my doubt is whether Advertising Agency business is eligible business under sec.44AD.
He can file his income tax return under presumptive taxation route.

thanks
Profile Image

R SUGUMARAN

Profile Image

R SUGUMARAN (Expert)
03 July 2014 The Section 44AD is applicable for any business except the business of plying ,hiring or leasing of goods carriages referred to in Section 44E.

The business income should not exceed Rs.100,00,000 from the assessment year 2013-14.

This is applicable to resident individuals,HUF and partnership firm( Limited Liability Partnership firm is excluded).
Deduction u/s 10 and Chapter VI-A should not be availed.
Profile Image

CMA Nishad Patkar

Profile Image

CMA Nishad Patkar (Expert)
05 July 2014 Person carrying on any agency business is not eligible to avail any benefit under sec 44AD.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details