Limit for tax audit for a professional
This query is : Resolved
10 March 2018
Does the amount of bad debts written off in earlier years written back in the current year forms the gross receipts for arriving at the limit for tax audit purposes?
j r kota
j r kota
Nikhil Kaushik
(Expert)
10 March 2018
ideally it should not be as the same has already been considered as part of turnover for previous year.
10 March 2018
thank you very much sir for providing an input for argument with the department from one more angle.
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