Audit applicability of Trading & Service items
This query is : Resolved
05 September 2008
My friends business is retail outlet of Reliance communication ltd. In this business his trading of Mobile is Rs. 24.00 Lacs and trading of E Voucher, top up is Rs. 1.21 Crore which is service item trading on commission basis on behalf of Reliance Communication under the name M/s. XYZ Communication. I want to know whether audit u/s. 44 AB is applicable on this business for the Asstt. year 2008-09
05 September 2008
plz specify the nature of transaction of sale of 1.21 crore.
whether it is on commission basis?
whether it is on commission basis?
05 September 2008
Sale of 1.21 crore on commission basis.
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