About section 44ad
This query is : Resolved
19 March 2012
Is it compulsory to show profit on Business income from civil constructin @8%of total turnover on presumtive basis as per section 44AD evenif total turnover does not exceed 60lacks or its optional?
19 March 2012
Whose gross turnover doesn't exceeds Rs.60 lakhs should be offer their income under section 44AD i.e 8% or more profit on gross turnover other wise he has to make audit under section 44AB if his total income exceeds the basic exemption limit and he should be maintain books as per section 44AA.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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