CAN A WORK CONTRACTOR (PAYING SERVICE TAX & VAT BOTH) file his return u/s 44 AD ??? (T/o 20 lacs p.a.)
What is the nature of Work contract? Usually it can be assessed u/s. 44AD.
thank you for the reply....
The work includes fabrication , erection , industial pipes/ tubes/ valves/pumps fittings.
Yes, it can be taken as eligible business u/s. 44AD, provided the contractor is eligible person i.e individual, HUF or firm.
THANK YOU VERY MUCH ....!!
You are welcome
I agree with dhiraj lal ji. As business specification given by aditya ji, this comes under eligible business under sec 44AD..be it a individual/ HUF/ firm.
Unless, any enquiry received from department, no problem seen. Mostly it would be nil tax return.
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SIR , ONE OF MY CLIENT IS CARRING ON LOCAL AUTHORITY WORK CONTRACT SINCE 2011 . LOCAL AUTHORTY ALSO DEDUCT TDS ON CONTRATCT AMOUNT , CONTRACT AMOUNT 30-40 LAKHS..... I WANT TO KNOW WHETHER I FILE ITR 44AD OR NOT .. AND ALSO TELL ME WHEATHER HE IS LIABLE TO GET REGISTRATION UNDER SERVICE TAX AND VAT
This Section 44AD Applicable A.Y 2018-19 Contractor as Or Not ?
Yes, (unless opted out in preceeding year)
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