Tax audit


This query is : Resolved 

(Querist)
07 September 2011 if purchase is more than 60 lacs but at the same time sales is around 50 lacs (<60 lacs)then whether 44ab is applicable or not? i hav heard that according to NANI PALKHIVALA tax audit is applicable or it is advisable to conduct the audit.

Ravikant (Expert)
07 September 2011 Section 44AB tax audit is not applicable at all,


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