Easy Office

Deemed Income u/s 44AD

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
07 July 2011 one of client builder, for the year ending 31.03.2010, his turnover was Rs.52 lac, hence, it was audited and filed his return, but this year 31.03.2011, his contract receipts is only 55 lac can he file his return u/s 44ad

pl clarify
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
07 July 2011 Yes, Section 44AD is a boon to the civil contractors and he can get the benefit by showing presumptive income U/s 44AD.
Profile Image

CMA RV Padmakumar.A

Profile Image

CMA RV Padmakumar.A (Expert)
07 July 2011 yes, since TO is < 60 lakhs




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links