Section 44ab

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varsha (Querist)
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07 August 2013 Dear Sir, I would like to know that for the AY 13-14 , If the gross turnover does not exceeds Rs.1 cr then Is it required to get tax audited ?? is there any provision that section 44AB once applicable will be applicable forever ...? n yeah they were subject to tax audit preceeding the PY .....

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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07 August 2013 If gross turnover or gross receipts does n ot exceed rs 1 cr then no tax audit is applicable.

tax audit whether applicable or not depends on rel fin years gross receipts or gross turnover....there is no such hard and fast rule that once tax audit is applicable it is applicable for every year.

Ganeshbabu K

Ganeshbabu K (Expert)
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07 August 2013 There is no such provisions exists..

if gross turnover not exceeded 1 crore tax audit will not applicable

varsha

varsha (Querist)
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14 August 2013 thank u .... sir ...

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