Mlm income under section 44ad
This query is : Resolved
31 July 2016
Query : Dear sir I have mlm income in india . Can I file return under presumptive income ? There is an exclusion of commission and agency business in section 44ad.. So can I file my return under presumptive income or it is excluded .. It's not clear .. Kindly help
CA Mohit Bansal
(Expert)
31 July 2016
No ! Multi Level Marketing is not covered u/s 44AD
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