22 August 2015
please help me... The scheme of section 44AD is designed to give relief to small taxpayers engaged in any business, except the following businesses: Business of plying, hiring or leasing of goods carriages referred to in section 44AE. A person who is carrying on any "agency business". A person who is earning income in the nature of commission or brokerage
Do Advertising agency come under "agency business" as mentioned above? if yes can 44 AD can be applied? (assessee is a firm. TDS u/s 194 J is deducted from payment to the adv. agency. turnover 30,00,000)
CAclubindia
