Can builder/developer of chawl/room opt for 44ad ??
This query is : Resolved
CA Abhishek Singh
(Querist)
22 November 2012
Hello everyone,
i have one of my client who constructs chawl/rooms and sell it.
in the fy 11-12 his t/o is below 60 lacs.
can i file his return under section 44AD taking net profit at least 8% of turnover ?
i have one of my client who constructs chawl/rooms and sell it.
in the fy 11-12 his t/o is below 60 lacs.
can i file his return under section 44AD taking net profit at least 8% of turnover ?
23 November 2012
Since he is an eligible assessee, he can file the return u/s 44AD.
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