Tax audit
This query is : Resolved
16 May 2014
Firm has total gross Income of Rs.1.5cr..
Dat includes Rs.60lakhs as Share of profit frm other firms & Rs.50 lakhs as Dividend frm Quoted shares & mutual funds
Will it be subject to Tax audit ??
Rupesh Jain
(Expert)
22 May 2014
if your firm gross receipts exceeds rs. 1.00 crorres then you have to take audit u/s 44AB
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