Some related information about Sec. 44AD !!

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2 Points Posted on 12 February 2021
State some business which doesn't cover in sec 44AD & 44ADA ??
How can I identified business is cover in sec 44 AD or not??
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On 12 February 2021 at 16:38 Report
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Quick Summary
This discussion clarifies which businesses are not covered under presumptive taxation schemes like Section 44AD and 44ADA. It highlights that activities such as insurance broking, brokerage, commission agency business, and hiring/leasing goods vehicles are typically excluded. Additionally, businesses with a turnover exceeding ₹1 crore are also ineligible for these schemes.

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7 Points Posted on 12 February 2021
Insurance broking doesn't cover undar sec 44ad & ad
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On 12 February 2021 at 17:17
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Chartered Accountant
414 Points Posted on 12 February 2021
Brokerage & commission
agency business
plying hiring & leasing goods vehicle
turnover exceeding 1crore
1 Reply
On 12 February 2021 at 17:40

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