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applicability of tax audit

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(Querist)
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....
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
26 March 2010 Write of sundry creditors cannot be considered as turnover.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
27 March 2010 received from creditors are taxable u/s 41,

i think not consider as Turnover
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
27 March 2010 sundry creditors - not consider in turnover.
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