sec 44 AE

Read: Tutorials...........

Businesses not covered under the presumptive taxation scheme of section 44AD

The scheme of section 44AD is designed to give relief to small taxpayers engaged in any business, except the following businesses:

 Business of plying, hiring or leasing of goods carriages referred to in section 44AE.

 A person who is carrying on any agency business.

 A person who is earning income in the nature of commission or brokerage

Apart from above discussed businesses, a person carrying on profession as referred to in section 44AA(1)is not eligible for presumptive taxation scheme.

For details refer: incometaxindia.gov.in/tutorials/section 44AD