Query about sec 44ad
This query is : Resolved
NAVEEN JINDAL
(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.
20 April 2012
Optional however it may be mandatory if he not maintains his regular books of account.
Ratan Sharma
(Expert)
20 April 2012
Agreed with expert. Its Optional
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