Building contractor
This query is : Resolved
13 October 2015
my clients have done contractor work for rs. 1850000. in the previous year 2014-2015. what is the tax liability and income from U/S. 44-AD IS ALLOWABLE OR NOT ?
14 October 2015
Income u/s 44AD is allowed no tax liability.
15 October 2015
shall not applies to assessee
- Carrying on profession as referred to in 44AA(1)
- earning income in the nature of commission or brokerage or
- a person carrying on any agency business
Assessee must be eligible Assessee (See Expl (a) to section 44AD
Assessee must be in eligible business (See Expl (b) to section 44AD
- Carrying on profession as referred to in 44AA(1)
- earning income in the nature of commission or brokerage or
- a person carrying on any agency business
Assessee must be eligible Assessee (See Expl (a) to section 44AD
Assessee must be in eligible business (See Expl (b) to section 44AD
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