All about 44ab
This query is : Resolved
Mahavir Shah
(Querist)
17 July 2012
As per Section 44AB , whether "Turnover" includes purchase also...& if purchase is more than 60lacs then audit will applicable(sale is less then 60lacs)?
CA mahesh birla
(Expert)
17 July 2012
For sec. 44AB, Turnover included only Sales Turnover, so only sales above limit will count.
CA ARIHANT JAIN
(Expert)
17 July 2012
turnover always means to sales not for purchase.
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