Krishna (Manager - Genesis Tax Consultant) (531 Points)
25 May 2020Dear Sir / Madam,
A company who is dealing in construction services of flats, are they eligible to file the Presumptive ITR? If so in 44AD only Civil constructions option is available, please confirm which option he can choose in the nature of business.
Asha Kanta Sharma
(Manager - Finance & Accounts)
(36355 Points)
Replied 29 May 2020
Construction of flats purchasing land amounts to civil construction and profit earned thereon, are eligible for taxation U/s 44AD of the Income Tax Act
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