Contractual recruitment and training services provided to an...
Business support recruitment and training receipts qualify for presumptive business taxation, not professional taxation under technical consultancy rules.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Contractual recruitment and training services provided to an insurer are business support activities, rather than insurance agency, commission, brokerage, or insurance-product canvassing. Training that uses knowledge or skill does not become a professional service unless it falls within a profession specified under section 44AA or constitutes technical consultancy. Receipts from such activities are therefore business receipts, not professional receipts, and may be computed under section 44AD if its statutory conditions are met; applying section 44ADA is inapposite and the related addition was deleted.
Contractual recruitment and training services provided to an insurer are business support activities, rather than insurance agency, commission, brokerage, or insurance-product canvassing. Training that uses knowledge or skill does not become a professional service unless it falls within a profession specified under section 44AA or constitutes technical consultancy. Receipts from such activities are therefore business receipts, not professional receipts, and may be computed under section 44AD if its statutory conditions are met; applying section 44ADA is inapposite and the related addition was deleted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
