PRESUMPTIVE TAXATION

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1181 Points Posted on 14 February 2020
is works contract (painting works) is comes under in which section 44AD or 44ADA?
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On 14 February 2020 at 20:55 Report
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This discussion clarifies the applicability of presumptive taxation for painting works. It explains that Section 44ADA is reserved for specific professions listed under 44AA(1), which does not include works contracts. Therefore, painting works, considered a type of works contract, falls under Section 44AD, provided it meets the stipulated limits.

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37 Points Posted on 14 February 2020
Sir, 44ADA is applicable only to the specified professions who are mentioned under 44AA(1). Works Contract is not mentioned in the list of 44AA(1). So accordingly, Sec 44AD shall apply subject to the limit under the provision. Thank You
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On 14 February 2020 at 22:10
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1181 Points Posted on 14 February 2020
Thank you madam
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On 14 February 2020 at 22:16
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17269 Points Posted on 16 February 2020

Here the activity is painting works and not works contract itself.

It comes under 44AD presumptive taxation.

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On 16 February 2020 at 14:02
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1181 Points Posted on 19 February 2020
Thank you sir 🙏
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On 19 February 2020 at 12:09

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