Nature of income by recruitment agencies
This query is : Resolved
28 October 2017
Dear Experts
kindly clarify whether the income by recruitment agencies come under professional income or business income for presumptive taxation purpose
kindly clarify whether the income by recruitment agencies come under professional income or business income for presumptive taxation purpose
28 October 2017
The Service done by recruitment agency service is more or like business support/ management consultancy. But that there is a thin difference only about the nature of business is fall under professional or non-professional and It should be analyzed based on facts & circumstances.
In my view, they are not come under presumptive taxation scheme since, they charge their income like a percentage, referral fees, placement fees etc., It's in the form of commission or similar category.
Any views are welcome!
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In my view, they are not come under presumptive taxation scheme since, they charge their income like a percentage, referral fees, placement fees etc., It's in the form of commission or similar category.
Any views are welcome!
Why can't you follow me on twitter! Follow me @CAysilkarunai for more discussions, knowldege sharings. Do now!
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