TaxTMI 
TaxTMI 
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.
Builder can get benefit of presumptive income u/s 44-AD
23 Jan 2011 
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Presumptive taxation eligibility for builders hinges on treating construction receipts as business turnover and audit threshold compliance.
If a person acting as a builder derives turnover from construction, those receipts form part of his total business turnover and the provisions governing presumptive income apply, subject to eligibility criteria, audit threshold, and fact-specific distinctions between builder and contractor supported by relevant case law. (AI Summary)
If a person acting as a builder derives turnover from construction, those receipts form part of his total business turnover and the provisions governing presumptive income apply, subject to eligibility criteria, audit threshold, and fact-specific distinctions between builder and contractor supported by relevant case law. (AI Summary)