Urgent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 June 2013
Dear Sir,
In one of the case of individual assessee net sales in fy 2012-13 are Rs. 98 lacs and tax charged thereon is about 12.50 lacs, which is charged seperatly in invoices.
Whether the assessee can opt sec. 44AD.
Please clarify.
Thanks and regards.
In one of the case of individual assessee net sales in fy 2012-13 are Rs. 98 lacs and tax charged thereon is about 12.50 lacs, which is charged seperatly in invoices.
Whether the assessee can opt sec. 44AD.
Please clarify.
Thanks and regards.
29 June 2013
Your gross turnover includes Taxes exceeding the limit u/s.44AB so you cannot opt the sec.44AD
You need to comply with provision of 44AB
You need to comply with provision of 44AB
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