Tax Audit
This query is : Resolved
11 October 2010
Assessee : Mr. ABC
A.Y.-2010-11
Sales: 34Lacs
Gross Receipts: 43Lacs
Wether Tax Audit applicable?
A.Y.-2010-11
Sales: 34Lacs
Gross Receipts: 43Lacs
Wether Tax Audit applicable?
11 October 2010
The words used in section 44AB (a) is sales, turnover or gross receipts.....
It means if sales or gross receipts exceeds......
Here 34 or 43 .,ie 43 exceeded the limits.
Tax Audit applies.
It means if sales or gross receipts exceeds......
Here 34 or 43 .,ie 43 exceeded the limits.
Tax Audit applies.
11 October 2010
If in Receipt of 43 lacs, 10 lacs is advance, then also tax audit is applicable?
11 October 2010
If in Receipt of 43 lacs, 10 lacs is advance then tax audit is not applicable.
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