Presumptive taxation scheme

Just having the word agencies in the name of the business won’t make it an agency business.

The word ‘agency’ is not defined in the act but according to the Concise Oxford Dictionary it means function of an agent or representative, business establishment of an agent.

Whereas, contractor mean a person who undertakes a contract to provide material or labour for a job. Contractor is a person who, in the pursuit of an independent business, undertakes to do specific jobs of work for other persons, without submitting himself to their control in respect to the detail of the work.

So, contractor being independent, won’t be treated as an agent of some other business or establishment. Hence, 44AD presumption scheme can be opted.