sec 44AD
This query is : Resolved
09 March 2010
Dear Experts.....
What are the businesses covered u/s 44AD??
Does it cover Painting & Interior Decoration???
What are the businesses covered u/s 44AD??
Does it cover Painting & Interior Decoration???
09 March 2010
COVERED BUSINESS ARE BUSINESS OF PLYING, HIRING OR LEASING GOODS CARRAIGES.
IT DOES NOT COVER PAINTING OR INTERIOR DECORATION.
IT DOES NOT COVER PAINTING OR INTERIOR DECORATION.
C.A.Amitabh Gupta
(Expert)
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
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
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....
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....
09 March 2010
One more thing...
Can it be treated as a part of Civil Construction??
Can it be treated as a part of Civil Construction??
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