Section 44ad
This query is : Resolved
pankaj jain
(Querist)
09 September 2012
for the purpose of calculating profit 8% u/s 44AD vat amount is included in sale amount
CA Ilayaraja
(Expert)
09 September 2012
The CST,VAT AND SERVICE TAX collected are separately shown because same are attracted by sec.43B of the ACT. If the same are not separatley charged in invoice bbut included in the invoice then will the part of the trunover.The excise duty is part of trunover
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