Is painting contract covered u/s 44 AD of the IT Act..????
CA LOVELY ARORA
(C.A. B.Com (H) Graduate)
(2151 Points)
Replied 21 September 2009
u/s 44AD it is given that it is applicable for civil contractor only, and from my point of view painting contract should not be covered u/s 44AD.
It may include construction of shopping mall sites, golf courses, residential developments, power plant sites, flood control projects, and hospital sites.
Dharmesh k. Dubey
(Student)
(188 Points)
Replied 21 September 2009
wel i thnk dat it shouldnt be included in civil construction jobs for the purpose of 44AD. coz its not construction nd requires engineering skills .
dasari ramesh
(Profession)
(68 Points)
Replied 21 September 2009
no painting work should not covered under 44AD upto the assessment year 2009-10 but from 2010-11 the presumptive sections will apply to all.
CAclubindia
