Presumtive taxation applicable to kpo
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 April 2017
Hi All, We are India Base KPO providing Accounting and Taxation Services to US Client. Our Main source of Revenue is from US One Company (Transfer Pricing is Applicable) But our Indian Company Turnover does not exceeds 2 Crore.
Questions: Can we take benefit of presumptive taxation @ 8%..?
Questions: Can we take benefit of presumptive taxation @ 8%..?
15 April 2017
Yes, can be claimed as providing accounting service doesn't fall under Professional Work
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 April 2017
Thanks for your Reply Sir,
But As per 44ADA includes Profession of Accountancy and 50% Presumptive Income need to be considers. Whether this may be fall in 44AD or 44ADA?
But As per 44ADA includes Profession of Accountancy and 50% Presumptive Income need to be considers. Whether this may be fall in 44AD or 44ADA?
15 April 2017
But here ambiguity arise with the definition of Profession, unless you have a specified degree
15 April 2017
if you are a company, then neither of 44AD or 44ADA applies.
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