Applicability of sec 44ab
Neha Singh (Student) (33 Points)
12 December 2015
will the foreign turnover be added into indian turnover for the purpose of tax audit?
Neha Singh (Student) (33 Points)
12 December 2015
Prateek
(Partner)
(143 Points)
Replied 12 December 2015
Turnover is calculated assessee wise. Place where sales are made or services are rendered is irrelevant.
Therefore, foreign turnover is also to be included in calcualting total turnover.
CA Kratika Bhangdia
(Chartered Accountant)
(40 Points)
Replied 12 December 2015
Yes the total turnover will be considered for compulsory tax audit u/s 44AB.
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