Section 44-ad
This query is : Resolved
06 August 2010
Hi,
i am doing garage work can i file I.T.Return u/s 44-ad
i am doing garage work can i file I.T.Return u/s 44-ad
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.
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.
Message likes :
1 times
06 August 2010
Agreed
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.
Garage service is not covered.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Tax on Deemed Capital Gain
- Section 194JA & JB Income which ITR Form to use
- Regarding ITR filing with more value than showing in AIS/TIS
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
