Presumptive taxation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 March 2018
Is services for Business Consultancy, Market Research and Supply Chain Compliances (Logistics etc.) an eligible Business under section 44A?. If it is not regarded as Business and is a Profession, will it be eligible as specified Profession u/s 44AA to avail presumptive taxation u/s 44ADA?
Chinay Solanki
(Expert)
03 March 2018
It doesn’t amount to profession. It will be covered in business and eligible for deduction u/s44AD if the unit is a proprietary, HuF or a partnership firm
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