tax audit

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 March 2011 Assessees business is moneylending. Annual Gross Discount is Rs. 35,00,000/- F.Y. 2010-11. Is liable for Tax Audit u/s 44AB of the Income-tax Act.
Please resolve my problem.

17 March 2011 For money lending business i think interest is the revenue. based on that Tax audit will applicable


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