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Presumtive taxation applicable to kpo

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 April 2017 Hi All, We are India Base KPO providing Accounting and Taxation Services to US Client. Our Main source of Revenue is from US One Company (Transfer Pricing is Applicable) But our Indian Company Turnover does not exceeds 2 Crore.

Questions: Can we take benefit of presumptive taxation @ 8%..?
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
15 April 2017 Yes, can be claimed as providing accounting service doesn't fall under Professional Work
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Querist : Anonymous

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Querist : Anonymous (Querist)
15 April 2017 Thanks for your Reply Sir,

But As per 44ADA includes Profession of Accountancy and 50% Presumptive Income need to be considers. Whether this may be fall in 44AD or 44ADA?
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
15 April 2017 But here ambiguity arise with the definition of Profession, unless you have a specified degree
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
15 April 2017 if you are a company, then neither of 44AD or 44ADA applies.
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