Purchase word include in turnover or no?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 July 2011
i want to know that if purchase of assessee business is Rs. 60 lakh or more and sale / turnover is Rs. 45 lakh, than he willbe liable for tax audit U/s 44AB of income tax act, 1961?
13 July 2011
For Tax audit purpose Sales is considered as turnover.
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