Tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 May 2015
My last year ( FY year ending March-14) turnover is audit case (above one crore) i got my books audited.
Current year ( FY year ending March-15) turnover is less than one Crore.
Am i liable for Tax Audit.
Till now i have not taken TAN, am i liable to get the TAN, if i have not claimed any expenses above the TDS limit.
Because as per by business situation in future my turnover will be less than One crore thats why i dont want to take TAN.
Please guide.
Current year ( FY year ending March-15) turnover is less than one Crore.
Am i liable for Tax Audit.
Till now i have not taken TAN, am i liable to get the TAN, if i have not claimed any expenses above the TDS limit.
Because as per by business situation in future my turnover will be less than One crore thats why i dont want to take TAN.
Please guide.
12 May 2015
if your gross turnover do not exceed rs 1 crore in case of business in fy 2014-15 then you are not liable to tax audit.
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