KPO Business

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Tax Practioner
20 Points Posted on 04 May 2021

A person running business of BPO/KPO wants to file his income tax return. His turnover is approx. Rs. 1.50 cr. Can he file his return under section 44AD?

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On 04 May 2021 at 19:04 Report
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This discussion clarifies whether a KPO (Knowledge Process Outsourcing) business with a turnover of approximately Rs. 1.50 crore can file its income tax return under Section 44AD. The answer is yes, as the turnover is below the Rs. 2 crore limit for presumptive taxation. The presumptive profit rate is 8% for cash turnover and a reduced 6% for digital receipts.

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Chartered Accountant
20 Points Posted on 04 May 2021
Yes return can be filed u/s 44AD as turnover is less than 2 crores rupees under presumptive taxation @ 8% profit on turnover
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On 04 May 2021 at 19:10
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20 Points Posted on 04 May 2021
6% in case of digital receipts
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On 04 May 2021 at 19:35
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Chartered Accountant
20 Points Posted on 09 May 2021
Yes for digital receipts profit will be 6% of turnover
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On 09 May 2021 at 22:53

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