sec 44AD

Dear Friends.....

What are the businesses covered u/s 44AD??

Does it cover Painting & Interior Decoration???

Replies (10)

Hi balaji... As such, for the time being, i dont have any source or notes for the same..

 

But i think 44AD is allowed purely for CIVIL CONSTRUCTION or LABOUR PROVIDED FOR THE SAME....

 

And painting and interior decoration does not form part of the same.. But still, i'm not sure, let others reply too...

 

 

And buddy, u urself got a quantum of knowledge?? What u think about this??

Not like U(Dhiraj) and Amir bhai.......

One of my clients filed the Return u/s 44AD - Painting & Interior Decoration for A.Y. 06-07 & 07-08...

Tax deducted at 1%......

Assessed and Refund allowed........

I dont really know whether it is covered or not.........

HI BALAJI..

 

yes it is allowed, its a part of CIVIL CONSTRUCTION only.. got confirmed...

Thank you Mr.Dhiraj bhai...........

Thank U very much..........

Dear friends.......

Please share ur valuable opinion / views.....

 

this shall be covered under sec 44AD because TDS had being deducted on the same ......if no TDS was deducted on same then it shall be covered u/s 44AF....i.e AS PER THE GROSS RECEIPTS GIVEN IN TDS CERTIFICATE.....

Friends does painting & interior decoration form part of civil construction.. Im doubrful.. Dear Dhiraj sir please explain me in this regard..

Little confused........now.........please post any case law or citation from ACT......

As per Section 44AD upto A.Y. 2010-11 civil construction will include the construction or repair of buildings, dams, bridges or other structure, or of roads or canals. It will also include the execution of any other works contract. It will, thus, include work related to electrical fittings, plumbing job, landscaping work, etc.

 

So in this case paining and interior decoration is a kind of work which is related to construction thats the reason it is considered under Section 44AD

 

It was a very good question and thanks to Mr. Balaji that he made me to read this section more carefully. 

Thanks Mr.Shudhanshu for your Prompt reply..........Thank u very much......

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