Presumtive taxation section 44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 January 2013
I am earning income from two separate business entity having two separate businesss one as Commission/Brokerage and another as consultancy services.
My Turnover is below 1crore.
can I take benefit u/s 44AD????
Please clarify....
I am earning income from two separate business entity having two separate businesss one as Commission/Brokerage and another as consultancy services.
My Turnover is below 1crore.
can I take benefit u/s 44AD????
Please clarify....
31 January 2013
yes you can ... subject to fulfillment of 44AD conditions
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 January 2013
thanks for reply
but csn this apply for a commission business also
but csn this apply for a commission business also
31 January 2013
yes it is applicable
every business is eligible for sec 44AD except business of plying,hiring or leasing goods carriages which comes under sec-44AE
every business is eligible for sec 44AD except business of plying,hiring or leasing goods carriages which comes under sec-44AE
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