section 44AD

This query is : Resolved 

08 April 2009 one of my client is in business of civil construction.During the year his receipt was 2500000/- less TDS.Howver the project got closed in between and expenses incurred were only 200000/-.In this should he declare higher income or 8% of 2500000/- is fine.Will there be any problem in assessment.

08 April 2009 No Problem. Declare actual income and show TDS as has been deducted

10 April 2009 to declare 8% income is a better option




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