Option under section 44AD and 44AE to declare profits lower than the deemed profits--assessment year 1997-98--regarding.

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....e Income-tax Act, 1961 provide a presumptive basis to bring to tax the profits and gains arising from the business of civil construction or supply of labour for civil construction and the business of plying, hiring or leasing of goods carriages respectively. Sub-section (5) of section 44AD and sub-section (6) of section 44AE allowed an option to an assessee to offer a lower profit to tax than the ....