Hi, main contractor deducted tds under sec 194C.
While filing itr on presumptive income basis. whether we need to consider income under sec 44AD or Sec 44ADA
Section 44AD
5 Replies
GST Consultant
(Tax Consultant)
(894 Points)
Replied 26 July 2017
8% of gross turnover shall be deemed profit over which tax has to be computed.
Recent Topics
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
- Rectification to decrease income in SCHEDULE OS
- Can Statutory Auditor of a subsidiary become concu
Related Threads
CAclubindia
