Eligibilty of 44ad

217 views 6 replies

Vishal Singh

Owner

23 Points Joined July 2017

Hi Sir, I'd like to know whether I am eligible to file tax under section 44AD or not? I am a Freelancer, I have a partnership firm ( My wife is my partner), I live in Hindu Undivided Family, I have business of Call Center services ( I purchase telemarketing database from International market and resell in the call centers on India. Shall I take the benefit of filing tax under Section 44AD.Please advice on this

Replies (6)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

210815 Points Joined July 2016

Whether the business is run by individuals/partnership firm/huf?

What is the turnover?

Dhruv Shah

Article Student

357 Points Joined July 2017

Turnover of business must not exceeds 2 crore...& it must be run by a resident individual or huf to take the benefits of section 44AD

Vishal Singh

Owner

23 Points Joined July 2017

Sir,

Turnover is close to 50 lacs annualy and its a partnership firm. My wife and me are the partners. Where as I am the only one profficient and running this business solely.

Thanks

RAJA P M

"Do the Right Thing...!!!"

128147 Points Joined January 2015

Originally posted by : Vishal Singh
	Sir, Turnover is close to 50 lacs annualy and its a partnership firm. My wife and me are the partners. Where as I am the only one profficient and running this business solely. Thanks