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Presumptive income scheme

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Querist : Anonymous

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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?
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RAJA P M

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RAJA P M (Expert)
10 September 2018 As per my View.,
Yes He can opt u/s 44AD and it's eligibility.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
14 October 2021 Yes, Building & Construction is an eligible business for sec. 44AD of IT act.
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