Income tax audit
This query is : Resolved
20 May 2016
Sales Tax included in Turnover for calculation of income tax audit turnover limit ??
Thanks In Advance
Thanks In Advance
Naresh Dharia F.C.A.
(Expert)
23 May 2016
It depends on the method of accounting followed by the assessee....Refer section 145...
As per the section 44AB...sales tax is included in the Total Turnover BUT there are few judgments which favor the argument that Sales tax is the liability...
Ok
As per the section 44AB...sales tax is included in the Total Turnover BUT there are few judgments which favor the argument that Sales tax is the liability...
Ok
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