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Tax audit

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 September 2016 A cooperative society is having Banking Business as well as Aqua-Culture Business and having turnover of more than Rs.1 crore from respective business. Whether tax audir u/s-44AB is applicable in case of Aqua-Culture Business (Turnover > Rs.1 crore) ?
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Amol S Joglekar

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Amol S Joglekar (Expert)
27 September 2016 yes, the tax audit is applicable

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