You will fall under 44AD.
Hello Guys, I'm providing Marketing Training/ Digital Marketing Training in Latin American market. Will I fall under 44AD or 44ADA
Dear Sir,
You fall under 44AD if you gross receipts are less than 2 Crores.
Thanks and regards
Shiv Kumar Aggarwal
Hello,
You will fall under Sec. 44AD.
I hope this answer satisfies your requirements.
Regards,
CA Hunny Badlani
44AD.
You are basically running a coaching institute kind of thing.
Please go through this: https://www.taxontips.com/what-is-presumptive-taxation-scheme-under-income-tax-difference-between-44ad-and-44ada/
There are few selected profession which would fall under 44ADA and teaching is not one of them.
Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.
Thank you
Dear Sir,
Hope you are doing well !!
As mentioned earlier, The services provided by you would be considered under business in income tax and therefore you are eligible for 44AD.
You don't fall in the list of professional mentioned u/s 44AA.
Also, 44AD not only covers business but also service because 44ADA covers only professional and 44AE plying business so other than that everything will be covered under 44AD.
It is advisable to take a phone consultation for detailed discussion.
Hi
You will be eligible to claim benefit of presumptive taxation under section 4AD. 44ADA is only available to eligible professionals.
Hello,
Sec. 44AD or 44ADA Presumptive Taxation Scheme since u r providing service u can opt for 44ADA.