Tax audit
This query is : Resolved
07 August 2014
Tax audit is applicable when GROSS RECEIPTS / TURNOVER exceed Rs 100 lakhs. Whether both turnover and gross receipt must exceed the limit or tax audit will be applicable even if only one exceed the limit? kindly clarify.
Nikhil Kaushik
(Expert)
12 August 2014
any of the two may cross 1 cr.......
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