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TAX AUDIT

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 June 2011
WHAT , IF PURCHASE IS 80 LACS AND SALES IS 30 LACS, IS IT COVERED UNDER SEC 44AB, AND IF YES THAN WHERE IS THE PROVISION IN THE ACT,

PLEASE TREAT IT AS URGENT
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
25 June 2011 Since the sales turnover is less than the threshold limit, tax audit does not apply. Purchase turnover is irrelevant for determining the threshold limit.
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