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Presumptive Taxation


Krishna (Manager - Genesis Tax Consultant)     25 May 2020

Krishna
Manager - Genesis Tax Consultant 
 13 likes  523 points

| My Other Post

Dear Sir / Madam,

A company who is dealing in construction services of flats, are they eligible to file the Presumptive ITR? If so in 44AD only Civil constructions option is available, please confirm which option he can choose in the nature of business.

 

avater

Asha Kanta Sharma (Manager - Finance & Accounts)     29 May 2020

Asha Kanta Sharma
Manager - Finance & Accounts 
 105 likes  5137 points

View Profile | My Other Post

Construction of flats purchasing land amounts to civil construction and profit earned thereon, are eligible for taxation U/s 44AD of the Income Tax Act


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