Clarification regarding tax audit applicability
This query is : Resolved
RAVI PATEL
(Querist)
18 June 2013
I want to know whether tax audit is applicable in below situation for the f.y. 2012-13??
Purchase : INR 1,05,20,400
Sales : INR 78,44,250
Even i want to know the defination of turnover as per income tax act,1961.
Purchase : INR 1,05,20,400
Sales : INR 78,44,250
Even i want to know the defination of turnover as per income tax act,1961.
Ganeshbabu K
(Expert)
27 June 2013
not applicable as turnover not exceeds 1 crore
Please refer below o know what is turnover
https://taxguru.in/income-tax/meaning-of-turnover-or-sales-for-the-purpose-of-tax-audit.html
Thanks & regards
Ganesh babu k
Please refer below o know what is turnover
https://taxguru.in/income-tax/meaning-of-turnover-or-sales-for-the-purpose-of-tax-audit.html
Thanks & regards
Ganesh babu k
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Issuing of delivery challan by seller of goods
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
