income tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 January 2011
my client is partnership firm engaged in construction business,firm purchase material and land which exceeds 40 lakhs but there is no sale of flats as these were not fully constructed but there is advance received for booking of flat whether my client will be liable for tax audit
Aditya Maheshwari
(Expert)
24 January 2011
visit this link
https://www.caclubindia.com/forum/tax-audit-real-estate-85690.asp
https://www.caclubindia.com/forum/tax-audit-real-estate-85690.asp
Ratan Sharma
(Expert)
24 January 2011
No need of tax audit as the turnover doesnt exceeds 40 lacs.
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