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Query about sec 44ad

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(Querist)
20 April 2012 I want to know that if am a retail trader and my sale is more than 20 lakh but less than 60 lakh then adoption of sec 44AD is compulsory or optional.
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
20 April 2012 Optional however it may be mandatory if he not maintains his regular books of account.
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Ratan Sharma

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Ratan Sharma (Expert)
20 April 2012 Agreed with expert. Its Optional
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