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RAJIV JINDAL
( Author )
22 May 2012
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SIR ,
MY QUERY IS THAT IN THE CASE OF CONTRACTORS OF ALCOHOL ARE THEY LIABLE TO AUDIT THEIR ACCOUNTS
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V K Bajaj
( Expert )
23 May 2012
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It is necessary to post complete question in order to get a correct and exact answer.
Anhow, if turnover is above one crore then audit is must for a business entity other than Company. If it is a Company then AUDIT is must for any amount of turnover.
The amount of One Crore shall get replaced by Rs. 60 Lakhs if the financial year is 2011-12.
For the turnover above Rs. One Crore TAX AUDIT REPORT is also a must.
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RAJIV JINDAL
( Author )
24 May 2012
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SIR,
MY QUARRY IS THAT WHETHER IN THE CASE OF CONTRACTOR OF ALCOHOL THEIR BUSINESS RECEIPT ARE CONSIDER AS SALE OR NOT
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V K Bajaj
( Expert )
24 May 2012
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Earlier you asked if accounts are liable to audit and now you say I asked if receipts are sale or not.
Please contact at vkbajaj1950@yahoo.co.in and mention your question clearly in order to get a clear answer. Please!!!
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