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Income tax audit limit u/s 44AD for civil contractors

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yesha shah

1 Points Posted on 09 April 2021

Hi,

What is the Income tax audit limit u/s 44AD of an individual who is a civil contractor (construction of building)? He is providing his services with material. Kindly note that the material component is around 80% of the total sales.

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Quick Summary

This discussion clarifies the income tax audit limit under section 44AD for individual civil contractors, particularly when providing services with materials. The turnover limit for opting into this scheme is up to 2 crore rupees. It's noted that the material component constitutes approximately 80% of the total sales for the contractor in question.