civil contractor turnover
Basu Agarwal II (9 Points)
22 May 2017Basu Agarwal II (9 Points)
22 May 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185464 Points)
Replied 22 May 2017
" If a cotractor receive a contract from govt. to built a road. so how the turnover is calculated"
Percentage of total work completed during the end of financial year, may be as cerified by an architect, or as per bills raised.
" if total contract amount for a FY Rs. 1.85 crore. is he is liable for tax audit. In which form his ITR is submitted."
No requirement of tax audit if income asseessed u/s. 44AD, can file form 4 for AY 2017-18
rocky
(accountant)
(953 Points)
Replied 23 May 2017
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