limit for turnover for tax audit
This query is : Resolved
31 August 2010
If the turnover of an assessee from business, which he has begun with in the current year, is36,00,000 and from profession, that in which he deals since last two years is5,00,000, will there be any liability of tax audit to be carried out?
Please reply as soon as possible.
Please reply as soon as possible.
31 August 2010
Tax audit not applicable as the words used in the section is OR.
So tax audit not applicable.
So tax audit not applicable.
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