Definition of turnover

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Chinay Solanki (Querist)
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31 August 2012 if a company purchases land worth rs 1.40 crore for trading ans sold land worth Rs 20 lakhs only, will that company be liable for tax audit? kindly help me out

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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31 August 2012 Check Sale Only.

Since Not Exceed 60 Lacs No Tax Audit

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Chinay Solanki

Chinay Solanki (Querist)
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31 August 2012 are u sure... i have judgement regarding the same

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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31 August 2012 Yes, Sure, Forward Me Judgement on ayushagrawal@rediffmail.com

Chinay Solanki

Chinay Solanki (Querist)
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31 August 2012 https://finance.dir.groups.yahoo.com/group/ICAI_CIRC_MEERUT_CA/message/26198

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