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contractor presumptive rate
Sir one party doing contract work of roads and buildings he want to take presumptive basis how much he can show profit... Ad per 44ad or 44ada
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For 44 AD of the income tax act 1961 he has show profit 8% of totoal turnover , however for applicablity of 44AD the turnover should be less than 2 crore in the previous year. 44 ADA is not applicable because it is for profession
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