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Regarding 44ad

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(Querist)
27 January 2014 Whether to have my income in 44AD my turnover amount will include vat or it will exclude it
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
27 January 2014 Turnover would be as per your how your regular books of accounts are maintained i. e. whether books of accounts are maintained on inclusive or exclusive method.
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AVTAR SINGH

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AVTAR SINGH (Expert)
27 January 2014 It is advisable to exclude VAT if you are registered with the VAT Department.
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