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Gross receipts u/44AD

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(Querist)
30 October 2008 Whether value of materials supplied by an awarder to a civil construction contractor,for executing a civil construction work,can be deducted from the contract value for arriving the gross receipts of the contractor while opting section 44 AD
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
31 October 2008 In the absence of a definition of gross receipt I think we can take the actual receipts.
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