Net profit estimation set at 10% for main contracts and 7% for subcontracts, with deductions u/s 40(b).

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....Escapement of income - works contract - A.O. directed to estimate net profit of 10% on main contract works and 7% on sub contract works, net of all expenditure including depreciation, but subject to further deductions towards interest on capital and remuneration to partners u/s 40(b) - AT....