Presumptive taxation

Sec 44AD for presumptive taxation can be availed.

why not he choose 44AD for transporter

Originally posted by : gopal
	first of all.... owner of ola... Bhavish agrwalowner of Uber... Garrett Camp....so ask question with little care.....

I was also wondering... Why would the "Owners" of Ola and Uber want to opt for 44AD..considering the kind of money they rake in..

Anyway.. income from running a taxi-on-hire is eligible for presumptive taxation u/s 44AD.

But if the assessee is running a Taxi Agency business, where the income is by way of commission, then 44AD cannot be claimed (since in such case, its becomes an ineligible business).

Sir,

Can Owner of Cabs can avail presumptive taxation scheme u/s 44AE