applicability of tax audit
This query is : Resolved
26 March 2010
i want to know that if turnover is Nil but we have sundry creditors written back as other income more than 40 Lacs, tax audit is compulsory ?
thanks in advance....
thanks in advance....
26 March 2010
Write of sundry creditors cannot be considered as turnover.
27 March 2010
received from creditors are taxable u/s 41,
i think not consider as Turnover
i think not consider as Turnover
27 March 2010
sundry creditors - not consider in turnover.
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