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Tax audit u/s.44ab of the income tax act

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(Querist)
09 November 2016 APPLICABILITY OF SECTION 44AB OF THE IT ACT IN CASE WHERE THE TURNOVER IS RS.9500000 EXCLUDING VAT
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
10 November 2016 You have to consider Gross turnover not net Turnover, i think your case your gross turnover will exceed One crore if you consider Taxes. than Tax audit applicable.

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