Presumptive income scheme
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 September 2018
If annual turnover of buider or developer is below 2 crores then can he be considered in presumptive income scheme of 8% profit and can be exempted from maintaining books of account?
10 September 2018
As per my View.,
Yes He can opt u/s 44AD and it's eligibility.
Yes He can opt u/s 44AD and it's eligibility.
14 October 2021
Yes, Building & Construction is an eligible business for sec. 44AD of IT act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Minor Aadhar card cancelled
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
