TMI BlogCivil Contract - laying of posts and drawing wiresX X X X Extracts X X X X X X X X Extracts X X X X ..... Whether laying of posts and drawing wires for contracts under BSNL comes can be termed as 'Civil Contract' and taxed under 44AD of I.T. Act 1961? - Reply By Rama Krishana - The Reply = A bare readin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g of the clause (b) of explanation of the Section 44AD [before amendment by Finance (No.2) Act, 2009 ], shows that execution of any works contract would be eligible for the benefit of provisions of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... section 44AD . In view of that you need to ascertain the nature of contract with BSNL. IF the nature of contract is works contract, you may apply the provisions of section 44AD . - Reply By B Tayu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... b - The Reply = For the reply submitted by Mr. Rama Krishna: It is a works contract and there is no doubt about it. My question is whether this is CIVIL contract or not. We are of the opinion that it ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is not CIVIL construction and we want to be out of 44AD. - Reply By Ravi Chopra - The Reply = I think the scope of civil contract is wide enough to cover the works contract for the purpose of sectio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n 44AD . I agree with the view that you are eligible for benefit of section 44AD. - Civil Contract - laying of posts and drawing wires - Query Started By: - B Tayub Dated:- 9-8-2009 Income Tax - Got ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... axTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
