Amendment status not verified — confirm the current text below against the official source.
(a) Estate agents or promoters or brokers or commission agents or del credere agents or mercantile agents (b) Contractors of all descriptions engaged in any work: Such contractors whose gross busi- ness in a year is— (i) less than Rs. 1,00,000 (ii) Rs. 1,00,000 or more, but less than Rs. 5,00,000 (iii) Rs. 5,00,000 or more, but less than Rs. 10,00,000 (iv) Rs. 10,00,000 or more Explanation.—For the purposes of this entry, "gross business" shall mean the aggregate of the amounts of the valuable consideration or part thereof receivable during the immediately preceding year in respect of a contract or contracts executed wholly or partly during•such year.