15 July 2019
The following businesses are not eligible for presumptive taxation scheme: - Business of plying, hiring or leasing goods carriages referred to in sections 44AE. A person who is carrying on any agency business. A person who is earning income in the nature of commission or brokerage Any business whose total turnover or gross receipts exceeds two crore rupees.
Please explain why the 44ad not applicabe on that case ?
15 July 2019
But sir in that case the income is generated by rental business. And in the section 44ad clearly mentioned that any individual or partnership firm can be opted thus scheme. Please do the needful.
CAclubindia
