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Querist : Anonymous

Querist : Anonymous (Querist)

07 August 2011 When is 44 AD is applicable?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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07 August 2011 1. if the business is other than plying and hiring of goods vehicle.
2. turn over is less than Rs. 60 lakhs.

sachin alwadhi

sachin alwadhi (Expert)
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07 August 2011 it is applicable in case of income estimated basis in case of taxpayer engaged in the business of of civil construction.
condition
the taxpayer may be individual,huf,company,aop,boi,firm,co-operative society or any other person.he or it may be resident or non resident.
the taxpayer is engaged in the business of civil construction or supply of labour for civil construction work.
gross receipt from above business do not exceed 60 lakh and will not include value of material supplied by client.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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07 August 2011 Sachin Ji
What u said is O.K up to 31/3/2011. From 1/4/2011 the said section is totaly substituted by a new section 44AD on which I have made the above observation.

sachin alwadhi

sachin alwadhi (Expert)
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07 August 2011 ok sir i agree with u.

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