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Presumptive tax.

This query is : Resolved 
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(Querist)
30 October 2008 Whether section 44AD can be opted by a sub-contractor, engaged in civil construction contracts, for determining his total income under the income tax act,1961.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
30 October 2008 Why not? The section does not make any distinction between contractor and subcontractor. For that matter it only refers to engagement in civil construction.
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