Section 44-ad

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Devendra

Devendra (Querist)
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06 August 2010 Hi,
i am doing garage work can i file I.T.Return u/s 44-ad

CA Sanat Pyne

CA Sanat Pyne (Expert)
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06 August 2010 No you are not eligible for 44ad.

Section 44AD is applicable to all assessees whose gross receipts from the civil construction business do not exceed Rs. 40 lakh. Gross receipts are the amount received from the clients for the contract and will not include the value of material supplied by the client.
Civil Construction includes the construction or repair of buildings, dams, bridges or other structures, or of roads or canals. It will also include the execution of any other works contract. Thus,it will include work related to electrical fittings, plumbing job, landscaping work, etc.

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VINOD ARORA

VINOD ARORA (Expert)
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06 August 2010 Agreed

CA. Pradeep Nayak

CA. Pradeep Nayak (Expert)
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06 August 2010 Sec. 44AD apllies only for assessee engaged in the business of civil construction or supply of labour for civil construction.

Garage service is not covered.

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