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Audit

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 August 2011 Op.Stock Rs. 447820.00
purchase Rs. 3603730.00
sales Rs. 3938725.00
Cl.stock Rs. 608630.00


I am a retailer of grain & provisional items...

Do i need to do my books of accounts audited ?

pls reply me
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s v rajesh

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s v rajesh (Expert)
14 August 2011 Hi,

No need to go for compulsory audit U/s.44AB.
As your sales nor purchases didn't crossed 60lakhs.
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