Presumptive taxation for Authorized Representative of foreign company
This query is : Resolved
29 June 2021
I am an authorized representative of a foreign company in India. However, I am not an employee of the company and am not on the payroll. I earn a fixed remuneration and some commission on the sale that is made in India through me. Can I opt for presumptive taxation under section 44ADA. Please suggest.
29 June 2021
Are u a professional per sectom 44AA(1). If so, you can opt 44ADA.
29 June 2021
You are an agent of foreign company. Whatever income earned will be considered as commission income for which 44ADA can't be opted.
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