Question ID :
39371
Presumptive Income Tax for Commision agent
Can a commission agent declare Income under Presumptive Tax @ 50% of commission
Posted by
Mahesh Kumar
on
Aug 27, 2019
Filed Under
DIRECT TAXES
No. Cannot opt 50% or 8%.
Posted by
B.CHACKRAPANI WARRIER on
Aug 27, 2019
Answer ID :
79158
They are not covered under professionals eligible for section 44ADA. Hence they cannot obtain benefit of this section.
Posted by
CA. chunauti dholakia on
Aug 27, 2019