https://www.taxtmi.com/forum/issue?id=110424 Whether a taxpayer carrying on financing of vehicles can adopt the presumptive taxation scheme under section 44AD is raised where the enterprise is not an NBFC, the activity is not captured by the statutory negative list and the business's gross receipts consist of interest income; the issue is whether such interest receipts qualify as "turnover" and whether the activity is eligible under the scheme. en-us Sun, 29 May 2016 12:21:15 +0530 Thu, 23 Jan 2025 15:56:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110424 Whether a taxpayer carrying on financing of vehicles can adopt the presumptive taxation scheme under section 44AD is raised where the enterprise is not an NBFC, the activity is not captured by the statutory negative list and the business's gross receipts consist of interest income; the issue is whether such interest receipts qualify as "turnover" and whether the activity is eligible under the scheme. Discussion-Forum Income Tax Sun, 29 May 2016 12:21:15 +0530 https://www.taxtmi.com/forum/issue?id=110424