Presumptive income u/s 44AD
Harpal pardeshi (8 Points)
24 March 2019
Presumptive income u/s 44AD is applicable to local cable operators or not
4 Replies
Sahil Jain (FAFD, DISA, CA)
(Practicing Chartered Accountant )
(2476 Points)
Replied 24 March 2019
sub section 6 of sec 44AD states that any person carrying on agency business or any person earning income by way of commission or brokerage shall not be eligible for presumptive income under sec 44AD.
So I guess local cable operators are agency business or either they might be getting commission income, hence they might not be able for presumptive income
So I guess local cable operators are agency business or either they might be getting commission income, hence they might not be able for presumptive income
CA SANDESH MAHIPAL
(Practicing in GST and MSME )
(1985 Points)
Replied 25 March 2019
As per my view, cable operators are service provider, so 44AD will not be applicable.
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