Section 44-ad
This query is : Resolved
06 August 2010
Hi,
i am doing garage work can i file I.T.Return u/s 44-ad
i am doing garage work can i file I.T.Return u/s 44-ad
CA Sanat Pyne
(Expert)
06 August 2010
No you are not eligible for 44ad.
Section 44AD is applicable to all assessees whose gross receipts from the civil construction business do not exceed Rs. 40 lakh. Gross receipts are the amount received from the clients for the contract and will not include the value of material supplied by the client.
Civil Construction includes the construction or repair of buildings, dams, bridges or other structures, or of roads or canals. It will also include the execution of any other works contract. Thus,it will include work related to electrical fittings, plumbing job, landscaping work, etc.
Section 44AD is applicable to all assessees whose gross receipts from the civil construction business do not exceed Rs. 40 lakh. Gross receipts are the amount received from the clients for the contract and will not include the value of material supplied by the client.
Civil Construction includes the construction or repair of buildings, dams, bridges or other structures, or of roads or canals. It will also include the execution of any other works contract. Thus,it will include work related to electrical fittings, plumbing job, landscaping work, etc.
Message likes :
1 times
VINOD ARORA
(Expert)
06 August 2010
Agreed
CA. Pradeep Nayak
(Expert)
06 August 2010
Sec. 44AD apllies only for assessee engaged in the business of civil construction or supply of labour for civil construction.
Garage service is not covered.
Garage service is not covered.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Advances to related party
- Royalty payments to the Mining Department for procurement of murum - GST input
- Gift to nri relatives residing in usa
- IMS (import of goods) ITC related
- Capital gains in IT returns
- Form 144 TDS Return Validation error
- GSTR9 Annual Return
- LLP audit and disclosure
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
