Poonawalla fincorp
Poonawalla fincorp

Presumptive tax.

This query is : Resolved 

30 October 2008 Whether section 44AD can be opted by a sub-contractor, engaged in civil construction contracts, for determining his total income under the income tax act,1961.

30 October 2008 Why not? The section does not make any distinction between contractor and subcontractor. For that matter it only refers to engagement in civil construction.



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