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44ad regarding

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(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.
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Prakash Kochar

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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
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Vivek

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Vivek (Querist)
21 July 2013 Thus he can not opt 44AD ?
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Prakash Kochar

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Prakash Kochar (Expert)
22 July 2013 Can Not opt 44AD, is bound to get accounts audited u/s. 44AB

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