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Audit u/s 44ab

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08 July 2015 Dear Experts,
Would audit u/s 44AB get attract if purchase turnover is exceeding 1 crore and the sales were less then 1 crore rupees.?

The lines of the act has mentioned the word "Turnover" but has not clarified purchase turnover or sales turnover.

08 July 2015 Turnover means sales turnover only.

08 July 2015 there is nothing called purchase turnover......






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