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Definition of turnover under income tax

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(Querist)
03 September 2011 whether receipt of work in progress will form part of turnover calculated for the purpose of tax audit?
Mr A has turnover of Rs.58,00,000/- and work in progress of Rs. 4,00,000/-, whether he is covered under tax audit or not?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
03 September 2011 WIP doesn't come under 'total sales ', 'gross receipts' or 'turnover' ,hence tax audit doesn't apply for the issue raised.
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