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LABOUR CONTACTOR INCOME CAN BE SHOWN U/S 44AD PRESUMTIVE INCOME . IF IT IS NO, THEN WHERE IS TO SHOW
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Yes labour contractor can opt for section 44AD.

SIR, IS IT SHOWN UNDER 8% OR 50% . (PROFESSION)

8 percent, provided total turnover less than 1Cr for AY 2016-17, and 6 or 8 % for AY 2017-18 onwards

thank you sir

 


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