• Am I Under 44AD or 44ADA? I'm providing Digital Marketing Training in Latin American Market

Hello Guys, 

I'm providing Marketing Training/ Digital Marketing Training in Latin American market. 
Will I fall under 44AD or 44ADA
Asked 4 years ago in Income Tax

You will fall under 44AD.

Ruchi Goel Anchal
CA, Gurgaon
525 Answers
16 Consultations

Dear Sir,

You fall under 44AD if you gross receipts are less than 2 Crores.

 

Thanks and regards

Shiv Kumar Aggarwal

Shiv Kumar Agarwal
CA, Delhi
489 Answers
74 Consultations

Hello,

 

You will fall under Sec. 44AD.

I hope this answer satisfies your requirements.

 

Regards,

CA Hunny Badlani

Hunny Badlani
CA, Madhya Pradesh
2608 Answers
16 Consultations

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

Naman Maloo
CA, Jaipur
4292 Answers
101 Consultations

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.

Payal Chhajed
CA, Mumbai
5188 Answers
298 Consultations

Hi

 

You will be eligible to claim benefit of presumptive taxation under section 4AD. 44ADA is only available to eligible professionals. 

 

Lakshita Bhandari
CA, Mumbai
5687 Answers
934 Consultations

Hello,

 

Sec. 44AD or 44ADA Presumptive Taxation Scheme since u r providing service u can opt for 44ADA. 

 

 

 

 

 

 

Poorvi Jain
CA, Indore
143 Answers
1 Consultation

Hi

 

Your service are not fall under section 44ADA so you can take the benefit of section 44AD.

Karishma Chhajer
CA, Jodhpur
2450 Answers
29 Consultations

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