hello..pls help.. a client is registered as an authorized study centre of university. they received different types of fee from students and remit only registration fee to university. So does the client filed his return on presumptive basis.ie u/s 44AD.. thanks in advance ...
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Regarding sec 44AD
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Sec 44AD is an option available only to individuals, HUF, and Partnership firm ( not being LLP partnership firm ), who is resident in India.
NO one elese can opt income u/s 44AD
yes madam the client is an individual but as per section assessee carrying on an agency business or is earning income in the nature of commission or brokerage is not eligible for this section.
is there any problem regarding nature of business because a professional has told me this is like agency business...
As per my opinion, This would be covered under agency business only and hence would not be elgible for Sec 44AD.
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