Dear All,
Can we apply presumptive Taxation Sec 44AD, in a case of individual in business of website designing,software developing...Gross receipts approx 1600,000 and income is ONLY from foreign clients???
We deposited 10,000 tax last year for this business only..If Sec 44AD applies..then tax will be nil..is it okay in law?
Help me....!!!!
Anupam Parashar & Co.
Ghaziabad
CA Final
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Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
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Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
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KK & Company Chartered Accountant
Pune
CA Inter
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CCI
Pro
CAclubindia
