Presumtive taxation section 44ad

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 January 2013
I am earning income from two separate business entity having two separate businesss one as Commission/Brokerage and another as consultancy services.

My Turnover is below 1crore.

can I take benefit u/s 44AD????

Please clarify....

kunal

kunal (Expert)
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31 January 2013 yes you can ... subject to fulfillment of 44AD conditions

Querist : Anonymous

Querist : Anonymous (Querist)

31 January 2013 thanks for reply

but csn this apply for a commission business also

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kunal

kunal (Expert)
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31 January 2013 yes it is applicable
every business is eligible for sec 44AD except business of plying,hiring or leasing goods carriages which comes under sec-44AE