Audit
This query is : Resolved
20 March 2009
Dear Sir,
I am a distributer of ITZ CASH AND I AM GETTING .50 PAISA ON 100/- AND MY SALES IS 5600000.00 SHOULD BE AUDIT OF MY PARTNERSHIP FIRM
HARISH
I am a distributer of ITZ CASH AND I AM GETTING .50 PAISA ON 100/- AND MY SALES IS 5600000.00 SHOULD BE AUDIT OF MY PARTNERSHIP FIRM
HARISH
20 March 2009
Yes, Tax Audit is compulsory as your sales exceeds 40lakh.
25 March 2009
AUDIT LIMITS ARE SET BASED ON T/O OF SALES & NOT INCOME.
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