banner_ad

Sec 44ab

This query is : Resolved 
Profile Image

Profile Image

(Querist)
26 June 2012 If a company has not decleared their commercial production till 31/03/2012 and before this date they had trial run and the production from the trial run was sold. total sales from the trial production was 9 crore. whether the comapny have to get their account audited u/s. 44AB or not?
Profile Image

CA. SUDHARSAN K G

Profile Image

CA. SUDHARSAN K G (Expert)
26 June 2012 Dear Friend,


Section 44AB reads

Every person carrying on business shall,
if his total sales, turnover or gross receipts, as the case may be, in business exceed or exceeds 60 lakh rupees in any previous year liable to tax audit.

It is immaterial whether the sale is out of Trial Run or not as per the provisions of the law. Hence the Company is liable to tax audit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details