Is painting contract covered u/s 44 AD of the IT Act..????
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Sec 44AD
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u/s 44AD it is given that it is applicable for civil contractor only, and from my point of view painting contract should not be covered u/s 44AD.
It may include construction of shopping mall sites, golf courses, residential developments, power plant sites, flood control projects, and hospital sites.
wel i thnk dat it shouldnt be included in civil construction jobs for the purpose of 44AD. coz its not construction nd requires engineering skills .
no painting work should not covered under 44AD upto the assessment year 2009-10 but from 2010-11 the presumptive sections will apply to all.
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