U/s 44ad
This query is : Resolved
01 July 2012
My Client is doing business of Call Taxi ( Tours & Travels ), for the Asst Year 11-12. Whether this business is covered u/s 44AD or not, since the new section of 44AD has been amended as presumptive scheme is not applicable 'a person carrying on any agent'
CA PARAS BAFNA
(Expert)
01 July 2012
If he is earning commission, you are right in asserting that Section 44AD is not applicable to him.
.
In a case where he is collecting heir charges from customers and in turn paying paying to the cab drivers at any decided rate, then he can show income U/s 44AD, by adopting the basis of Gross Heir Charges received from the passengers.
.
.
In a case where he is collecting heir charges from customers and in turn paying paying to the cab drivers at any decided rate, then he can show income U/s 44AD, by adopting the basis of Gross Heir Charges received from the passengers.
.
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