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E-TICKET AND MONEY TRANSFER

shaikh sajeed (Associate) (151 Points)

24 June 2024

Does the business of E-TICKET AND MONEY TRANSFER can be FILED u/s 44AD?

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2 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (166258 Points)
Replied 24 June 2024

Commission income cannot be declared u/s. 44AD IT act.

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CA Anoop Kumar Sharma (Accounts Manager) (1826 Points)
Replied 24 June 2024

Presumptive taxation for businesses is covered under Section 44AD. Businesses with a turnover of less than Rs. 2/3 crore can choose this scheme and must declare profits of 8% for non-digital transactions or 6% for digital transactions. The following businesses cannot use presumptive taxation: