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audit required

This query is : Resolved 
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(Querist)
09 April 2010 a firm's sales = 39 lakhs
purchases = 41 lakhs
is it require to get its accounts audit u/s 44AB
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Rahul Gupta

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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.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
09 April 2010 Agreed...
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
09 April 2010 AGREE TAX AUDIT IS NOT REQUIRED.
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CMA.Palani Arumugam

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CMA.Palani Arumugam (Expert)
10 April 2010 Agreed.
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CMA Arif Farooqui

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CMA Arif Farooqui (Expert)
19 April 2010 Agreed.
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