Query regarding section 44ab
This query is : Resolved
02 August 2014
Dear Sir/Madam,
Is there any provision that a person will have to get his accounts audited if purchases exceeds Rs. 1 Crore and not turnover.
Please clarify.
Is there any provision that a person will have to get his accounts audited if purchases exceeds Rs. 1 Crore and not turnover.
Please clarify.
02 August 2014
under income tax section u/s 44AB for sales not for purchases. any other section for presumptive income is also for sale/gross receipts.
02 August 2014
Is there any decision of Supreme Court regarding the same.
02 August 2014
no .................due to no section or notification in this regard
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