Sec 44 AD are applicable only when gross receipts received or receivable does not exceed Rs. 40,00,000/-. For a civil construction Contractor,, when a contract of construction of a building is for Rs. 50,00,000 but building is not completed in one year. Upto 31st march, Construction of Building is Still going on, and payment received are only Rs. 1500000 then what will be the implications, whether 44AD are applcable on that contractor for that year, if he has a single Contract of Rs. 50,00,000.
Construction Service / Works Contract Sevice - Difference
In Total Services,, one service is of Construction of Commercal or Industrial Complex,, and also there is one service of Works Contract. Please tell me what is the difference between these twos?
My Client is Contractor for Civil Construction,, which one would be applicable on him?
Applicability
Pls advise if a company is providing IT services , sitting in India ...abroad(UK) and remittence is received in FOREX only . Are we exempt from service tax or not .
Services are rendered online from India
Remittence recd in GBP
Will it be treated as export and thus exempt from service tax or not.
Pls advise asap.
Thanks & Regards
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Sir/Madam
My Previous Query was , Does the Maximum Limit Under Section 80D is Rs 20000/Rs 35000 or it is more than that for A.Y 2009-2010.
To Be more Clear i am giving following illustration.
Mr. X Invested Following in Medi claim Insurance.
Himself - 17000/-Rs
Dependant Wife-15000/-Rs.
Father Dependant(Senior Citizen)- 22000/-
Does Mr. X can Claim Rs 35000/-(i.e 15000/-rs on his policy and his wife's policy + Rs.20000/-on his father policy) or He can Claim Rs. 50,000/-or the maximum limit is 20000/-. for the assesment year 2009-2010.
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Sec 44AD- when building is not constructed within one year.