Tax implication for contract business
MANJUNATH (STUDENT) (22 Points)
23 March 2017
JOJY THOMAS
(CHARTERED ACCOUNTANT)
(295 Points)
Replied 23 March 2017
Yes subject to Turnover restrictions as per section 44AD
CA VIRAL SANGHVI
(Finance head)
(681 Points)
Replied 23 March 2017
HI,
As you have mentioned that all the other conditions for section 44AD is satisfied you can file the return under presumptive taxation.