sec 44AD

This query is : Resolved

C.Balaji (Querist)
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09 March 2010 Dear Experts.....

What are the businesses covered u/s 44AD??

Does it cover Painting & Interior Decoration???

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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09 March 2010 COVERED BUSINESS ARE BUSINESS OF PLYING, HIRING OR LEASING GOODS CARRAIGES.
IT DOES NOT COVER PAINTING OR INTERIOR DECORATION.

C.A.Amitabh Gupta

C.A.Amitabh Gupta (Expert)
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09 March 2010 Well, section 44AD upto AY 2010-11 includes only the business of civil construction or supply of labour for civil construction work. But from the AY 2011-12 it will be applicable to any business -whether retail trading or civil construction or any other business.

Interior decoration is covered u/s 44AA as specified profession.

Business of Hiring /Plying /Leasing of Goods Carriages are covered u/s 44AE and not u/s 44AD

CA Amitabh Gupta
Indore
ag_ind@rediffmail.com

C.Balaji

C.Balaji (Querist)
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09 March 2010 Mr.C.A.Amitabh Gupta sir.....
One of our clients filed the Return u/s 44AD - Painting & Interior Decoration for A.Y. 06-07 & 07-08...

Tax deducted at 1%......

Assessed and Refund allowed........

I dont really know whether it is covered or not.........

Please post ur reply sir....

C.Balaji

C.Balaji (Querist)
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09 March 2010 One more thing...

Can it be treated as a part of Civil Construction??

C.Balaji

C.Balaji (Querist)
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13 March 2010 please reply......

C.Balaji

C.Balaji (Querist)
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24 March 2010 thanks for reply

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