My brother have one company (LLP) (Turnover less than 50L). I am one of the director in that company. I am not taking any profit from that company.
And I have one business (Software Product Development , Service & Sales) registered as Sole Proprietorship.
Turnover is less than 50L.
Am I eligible for presumptive taxation under Section 44 AD ?
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Applicability of Section 44AD
Replies (1)
Nop as per me even you are not talking share of profit but legally you are a director of LLP and might be invested unlisted equity share
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