i am running a travel agency.which section is applicable for me 44ad or 44ada? pls reply thanks in advance
Replies (6)
Quick Summary
This discussion clarifies which section of the Income Tax Act, 44AD or 44ADA, is applicable for a travel agency business. It addresses a query from a travel agency owner seeking guidance on the correct tax provision. The responses suggest that Section 44AD is generally relevant for businesses, with further clarification sought on the nature of the business and the individual's professional background.