Audit u/s44AB
This query is : Resolved
30 September 2009
My net turnover of sales Rs.38.00 Lacs
(Excl.Vat) if vat includes in sales gross turnover of sales becomes Rs.41.00 lacs.
In this case shall I liable for I.Tax & Vat Audit??????? Pls.help me.
(Excl.Vat) if vat includes in sales gross turnover of sales becomes Rs.41.00 lacs.
In this case shall I liable for I.Tax & Vat Audit??????? Pls.help me.
01 October 2009
Vat auidt you are exempted since turnover do not include collected taxes.
Whereas IT your turnover included collected taxes therefore tax audit is applicable.
Whereas IT your turnover included collected taxes therefore tax audit is applicable.
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