Presumptive taxation applicable to civil contractor?

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contractor
25 Points Posted on 24 July 2013

Hi,

I am a mechanical engineer by education but I have service tax registration for civil contracts. Will I be eligible for presumptive taxation (44AD)? Or will I be considered as a prefessional (BE)  hence not eligible, even though I am carrying out civil contracts? Please note that I am not a Civil Engineer and hence the confusion.

Thanks in advance.

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On 24 July 2013 at 09:38 Report
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Chartered Accountant
518 Points Posted on 24 July 2013

You are eligible for presumptive basis of tax calculation if your turnover is less than Rs. 1 Crore.

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On 24 July 2013 at 10:37
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contractor
25 Points Posted on 25 July 2013

Thank you Vinod. What is the basis for your answer? Is there a section or any case/judgement that you can point as a reference?

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On 25 July 2013 at 18:34

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