Builder can get benefit of presumptive income u/s 44-AD, Income Tax

[PRAVIN SINGH]

If builder himself engaged in construction activity for the A.Y.2010-11and having turnover less than limit specified u/s 44AB,  can he furnish his return of income U/S 44AD. if relevant judgment is there for the said issue, please provide.

Posts / Replies

[Surender Gupta]

What do you understand by the term "Builder" and "contractor"? Whether he is having any turnover from an activity acting as Builder. If yes it is forming part of total turnover. Provision of section 44AD are clear in this respect. You may also see certain case laws under section 44AD.