Definition of turnover
This query is : Resolved
Chinay Solanki
(Querist)
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
(Expert)
31 August 2012
Check Sale Only.
Since Not Exceed 60 Lacs No Tax Audit
Since Not Exceed 60 Lacs No Tax Audit
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Chinay Solanki
(Querist)
31 August 2012
are u sure... i have judgement regarding the same
CA Ayush Agarwal
(Expert)
31 August 2012
Yes, Sure, Forward Me Judgement on ayushagrawal@rediffmail.com
Chinay Solanki
(Querist)
31 August 2012
https://finance.dir.groups.yahoo.com/group/ICAI_CIRC_MEERUT_CA/message/26198
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