Presumptive taxation for Authorized Representative of foreign company
This query is : Resolved
Quick Summary
Neeraj Tiwari
(Querist)
29 June 2021
I am an authorized representative of a foreign company in India. However, I am not an employee of the company and am not on the payroll. I earn a fixed remuneration and some commission on the sale that is made in India through me. Can I opt for presumptive taxation under section 44ADA. Please suggest.
29 June 2021
Are u a professional per sectom 44AA(1). If so, you can opt 44ADA.
CA R SEETHARAMAN
(Expert)
29 June 2021
You are an agent of foreign company. Whatever income earned will be considered as commission income for which 44ADA can't be opted.
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