audit u/s 44 ab

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 October 2013 THERE IS ONE REAL ESTATE PARTNERSHIP FIRM IT HAS COLLECTED MORE THEN 1 CR AS ADVANCE FOR SALE OF OPEN PLOTS IS IT THE SAID COLLECTION IS LIABLE FOR TORN OVER U/S 44 AB PLEASE CONFIRM

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Querist : Anonymous

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02 October 2013 U/S 44 AB THIS NOT BECAUSE THE TAX AUDIT IS GROSS SALES OR GROSS RECEIPTS OF INCOME

02 October 2013 In my view advance received will be constitute the part of the turnover,
If the turnover of the relevant year exceeds the prescribed limit i.e 1 crore, Tax Audit will be applicable U/S 44AB...

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Querist : Anonymous

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06 October 2013 THANK YOU FOR GIVING ANSWER FOR MY QUESTION FOR AUDIT U/S 44 AB

BY MY QUESTION TO "MR ARYAN SINGHANIA (PALLAV) KINDLY CLEAR THE ANSWER WITH ACT OD 1961 44AB DIRECT ANSWER PLEASE


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