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 ?
Menu
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
Recent Topics :
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
Related Topics :
CAclubindia
