19 January 2017
Under Presumptive taxation , Professional can declare 50% of professional fee receipt as income and pay income tax on it. My question is - Is presumptive taxation applicable to Professional who are engaged in export of information technology service to US client and earns in USD ?
19 January 2017
The IT service generally are covered by the meaning of , "technical services" and therefore eligible for computation of income on presumptive basis u/d. 44ADA
CAclubindia
