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Section 44ad

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 September 2012 Dear Expert,
Suppose total sale is Rs. 10 lacs and vat charged thereon is Rs. 50000/- Grand total is 10.5 lacs and for the purpose of Section 44AD, what would be turnover to calculate @8% -

1. Rs. 10 lac.
2. Rs. 10.5 lac

Please advise me.
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auditor sekar

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auditor sekar (Expert)
07 September 2012 Rs. 10.5 Lakhs.

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