Dear Finance Experts,
Hope u r doing gr8.
I need your valuable inputs on Direct and other Tax proviosns applicable specially for real estate developers and Construction business. I am mainly focusing on direct tax provisions as per Income Tax Act,1961.
Request you to post the same at the earliest, whatever material u have.
With Anticiated Thanks,
Navneet
hi, for real estate developer and contractors following section will be applicable: section 44AD (below 60 lakh), otherwise section 28 to 43. section 80_IB till 2012. you have to calculate your stock as per AS 2.
KK & Company Chartered Accountant
Pune
CA Inter
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CCI
Pro
CAclubindia
