audit required
This query is : Resolved
SUMANT TAPRIA
(Querist)
09 April 2010
a firm's sales = 39 lakhs
purchases = 41 lakhs
is it require to get its accounts audit u/s 44AB
purchases = 41 lakhs
is it require to get its accounts audit u/s 44AB
Rahul Gupta
(Expert)
09 April 2010
No . There is no requirement to get the accounts audited since that sales turnover doesn't increased by 40 Lakhs.
CA Ravi Sisodia
(Expert)
09 April 2010
Agreed...
09 April 2010
AGREE TAX AUDIT IS NOT REQUIRED.
CMA.Palani Arumugam
(Expert)
10 April 2010
Agreed.
CMA Arif Farooqui
(Expert)
19 April 2010
Agreed.
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