Itr
SACHIN KHETAWAT (Student) (349 Points)
11 February 2017
LABOUR CONTACTOR INCOME CAN BE SHOWN U/S 44AD PRESUMTIVE INCOME . IF IT IS NO, THEN WHERE IS TO SHOW
4 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 11 February 2017
Yes labour contractor can opt for section 44AD.
SACHIN KHETAWAT
(Student)
(349 Points)
Replied 13 February 2017
SIR, IS IT SHOWN UNDER 8% OR 50% . (PROFESSION)
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 13 February 2017
8 percent, provided total turnover less than 1Cr for AY 2016-17, and 6 or 8 % for AY 2017-18 onwards
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