07 August 2011
it is applicable in case of income estimated basis in case of taxpayer engaged in the business of of civil construction. condition the taxpayer may be individual,huf,company,aop,boi,firm,co-operative society or any other person.he or it may be resident or non resident. the taxpayer is engaged in the business of civil construction or supply of labour for civil construction work. gross receipt from above business do not exceed 60 lakh and will not include value of material supplied by client.
07 August 2011
Sachin Ji What u said is O.K up to 31/3/2011. From 1/4/2011 the said section is totaly substituted by a new section 44AD on which I have made the above observation.
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