IT return of forest contractor
Querist :
Anonymous
(Querist) 23 July 2010
This query is : Resolved
Under what sections and provision can the following the IT Returns :
1. a Labour supplier for loading & Unloading, Other manpower.
2. A Forest Contractor engaged in cutting of trees.
Also Sector 44 A D provides for only civil contractors etc.now but prior to this amendment which section is applicable PL. guide
Vineet
(Expert) 23 July 2010
The Income shall be assessed under normal provisions of Act till AY 2010-11, section 44AD is applicable only in the case of business of Civil Construction or supply of labour for Civil Construction.
For AY 2011-12 onwards (provided new DTC is not effected wef 1-4-2011 as promised), revised section 44AD shall be applicable in case of all eligible assessees (Individual, HUF and Firm) for all businesses except plying, leasing or hiring goods carrier which is covered by section 44AE.
