Tax audit
This query is : Resolved
CA. Shubham Anand
(Querist)
23 July 2009
plz let me Know, an assessee(Individual)
was taxed under sec 44AB (Tax audit)last year(A.Y.2008-09) but this year his turnover did not exceed Rs.40 Lakhs, is he liable for tax audit this year(A.y.2009-10.
was taxed under sec 44AB (Tax audit)last year(A.Y.2008-09) but this year his turnover did not exceed Rs.40 Lakhs, is he liable for tax audit this year(A.y.2009-10.
chetan soni
(Expert)
23 July 2009
No, the provisions is on yearly basis.
This needs to be checked on year to year basis.
This needs to be checked on year to year basis.
Aditya Maheshwari
(Expert)
23 July 2009
No turnover needs to seen on year to year basis
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