banner_ad

44ad regarding

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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.
Profile Image

Prakash Kochar

Profile Image

Prakash Kochar (Expert)
21 July 2013 For audit turnover of sale is to be considered along with VAT charged, therefore liable for Audit u/s. 44AB
Profile Image

Vivek

Profile Image

Vivek (Querist)
21 July 2013 Thus he can not opt 44AD ?
Profile Image

Prakash Kochar

Profile Image

Prakash Kochar (Expert)
22 July 2013 Can Not opt 44AD, is bound to get accounts audited u/s. 44AB
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details