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This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 August 2011
When is 44 AD is applicable?
07 August 2011
1. if the business is other than plying and hiring of goods vehicle.
2. turn over is less than Rs. 60 lakhs.
2. turn over is less than Rs. 60 lakhs.
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.
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.
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.
07 August 2011
ok sir i agree with u.
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