23 December 2013
Sir in 2012 i incorporated as a proprietor a business of man power recruitment. Basically i am supplying the labour to a compnay and in return monthly i collect service charges (Net of TDS)from the company for the services given to them.My receipts are below 100 lakh.I just want to know am i eligible person under section 44AD and can i pay the tax on 8% deemed income??
CAclubindia
