Just pay 2667 Pm Tax -Business sale up to 60 Lakh-Section 44AD(profit 8% of sale)

Posted: 20 May 2011 07:37 PM PDT

The existing provisions of the Income-tax Act provide for taxation of income on presumptive basis in the case of following businessconstruction business,(Section 44AD) income from goods carriages (Section 44AE) and business of retail trade.(Section 44AF) Section 44AD prescribes a method of presumptive taxation for assessee engaged in the business of civil construction... ......

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