Laptop rental income / 44 ad

This discussion explores whether income from a laptop rental business can be declared under Section 44AD of the Income Tax Act. It confirms that hiring out equipment like laptops is an eligible business for this presumptive taxation scheme, provided it's not an excluded category. The section allows for a presumptive profit rate of 6% or 8%, with depreciation deemed included. It also highlights that GST at 18% applies to laptop rentals, requiring registration if turnover exceeds Rs 20 lakh.