u/s 44 AD
This query is : Resolved
27 June 2011
whether a person doing job work (cutting of garments) can show income 0n presumptive basis i.e. 8% of gross reciepts(u/s 44 AD) up to A.Y. 2010-2011
Section 44 AD (For a person doing buisness of civil construction or supply of laboour for civil construction)
Section 44 AD (For a person doing buisness of civil construction or supply of laboour for civil construction)
CA PARAS BAFNA
(Expert)
27 June 2011
Upto AY 2010-11 Section 44AD was applicable only in the case of contractors carrying on any civil construction contracts.
Hence 44AD can not be applied for AY 2010-11, however from AY 2011-12 New 44AD will be fit for the person.
Hence 44AD can not be applied for AY 2010-11, however from AY 2011-12 New 44AD will be fit for the person.
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