44ad regarding
This query is : Resolved
18 July 2013
Dear Sir,
In case of one of the assessee his sales in fy 2012-13 are Rs. 98 lacs and VAT charged thereon is Rs. 12 lacs and grand total of bills is Rs. 110 lacs.
Whethe the above assessee can opt section 44AD on the sales of 98 lacs?
Please clarify.
In case of one of the assessee his sales in fy 2012-13 are Rs. 98 lacs and VAT charged thereon is Rs. 12 lacs and grand total of bills is Rs. 110 lacs.
Whethe the above assessee can opt section 44AD on the sales of 98 lacs?
Please clarify.
21 July 2013
For audit turnover of sale is to be considered along with VAT charged, therefore liable for Audit u/s. 44AB
22 July 2013
Can Not opt 44AD, is bound to get accounts audited u/s. 44AB
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