Meaning of Eligible business for 44AD

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  1. Lakshmi Devanand

    Lakshmi Devanand New Member

    Dear friends,
    Prior to 2011 only construction business was covered u/s 44AD, However the same has been amended w.e.f 1.4.12 to include all business except plying, hiring and leasing of trucks (covered under 44AE) and profession (covered under 44ADA).
    Now, my query is if an assessee is doing mounting job/work which is towards labour work (mounting of advertisement board etc.,) can he declare his income on presumptive basis. Is apart from above business any other is not covered u.s 44AD. Please clarify.
    Lakshmi Devanand
     
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