A civil contractor is necessarily a civil engineer....is his income taxed as professional income or business inocme where we can opt for presumptive taxation...
1 Replies
Ashok J
(CA Final)
(880 Points)
Replied 02 March 2016
Engineering is a notified professional u/s 44AA...some ppl take up individual house construction contract where in there is both sale of goods and provision of services...in that case it becomes business??? then how can a civil engg income be taxed as professional income??
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