Applicability of Tax Audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 September 2010
Experts
A person is doing business under his individual name. During the F.Y. 2009-2010, he has made trading sales of Rs.35 lacs and doing job work (labour work)of rs.25 lacs.
Is Tax Audit Applicabkle or not?
A person is doing business under his individual name. During the F.Y. 2009-2010, he has made trading sales of Rs.35 lacs and doing job work (labour work)of rs.25 lacs.
Is Tax Audit Applicabkle or not?
01 September 2010
Yes Tax Audit is applicable.
01 September 2010
Since his total turnover is crossing the threshold limit, Tax Audit will apply.
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