Tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 July 2014
My friend has a petrol pump & he wanted to submit his return for the first time in financial year 2013-14.His total sales for the year ended 31-3-2014 almost 4 crores,but he earned commission from IOC 10.76 LACS.Is it required to done a tax audit for his accounts based on the gross sale?
22 July 2014
yes he is covered under sec 44AB tax audit and must file return by 30.9.2014
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