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Sec 44ad

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(Querist)
27 July 2011 Is contract of maintenance/Operating of street lights comes under construction Business ?

can we claim such income u/s 44AD?
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CA Ashwani Agarwal

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CA Ashwani Agarwal (Expert)
27 July 2011 As per the recent amendment, any business and not only construction business is covered under 44AD. So you can claim your income u/s 44AD if your turnover is below 60 lakhs and Profit is more than 8% of the turnover.

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