SECTION 44 AD APPLICABLE TO CIVIL CONSTRUCTION ETC.,
This query is : Resolved
11 December 2023
A CIVIL CONTRACTOR ENGAGED IN THE BUSINESS OF CIVIL CONSTRUCTION, ROAD LAYING FOR STATE GOVERNMENT AND TOTAL TURNOVER DURING FY 2022-2023 Rs. 7500000 and all amounts are received by cheque or rtgs. I want to know whether 44AD applicable to civil construction business. If so we can adopt 6% of turnover (instead of 8%) because amount received fully in cheque & RTGS
12 December 2023
44AD applicable, adopt 6% of turnover as payment received through cheque and RTGS.
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