44ad & business code for plaster of paris (pop) business ..
This query is : Resolved
26 August 2018
If someone carries on the work of getting the roof made using plaster of paris (POP) on a contract basis then
1) Which business code should he use ?
2) Can he declare u/s 44AD declaring 10-12% profit ?
Thanking You in Anticipation...
1) Which business code should he use ?
2) Can he declare u/s 44AD declaring 10-12% profit ?
Thanking You in Anticipation...
26 August 2018
1. If construction then use "Other construction activity n.e.c. 06010".
If other than construction use "Other services n.e.c. 21008"
2. Yes... He can declare u/s 44ad. And above said profit....
29 August 2018
Thank u so much. I had thought of 21008 and it proved right.
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