Aop work in contractor ship

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 August 2012 Sir
My AOP work in contractor ship .A.Y.11-12 total payment received 3500000.00 . I return file ITR-5 and claim net profit U/s 44AD 8% 280000.00. I am right please give me answer.

04 August 2012 In my view, AOP is not an eligible assessee U/s 44AD to opt for presumptive scheme of income U/s 44AD.

You are not Right (as you are anonymous)

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