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section 44AB

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 June 2010 one proprieteror has turnover is 37 lac. but if we consider vat then turnover is above 40lac. then wether audit is applicable or not??
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CMA.Palani Arumugam

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CMA.Palani Arumugam (Expert)
25 June 2010 VAT should be included in turnover for the purpose calculating the turnover u/s.44AB. In your case Tax audit is applicable.

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