Clarification regarding tax audit applicability
This query is : Resolved
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.
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
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