Tax audit applicability ??
This query is : Resolved
CA Sandip Akde
(Querist)
13 March 2015
Dear Sir/Madam,
My bother is have Milk Agency of Amul.
The daily purchase is around 35000/- and sale is around 36000/-.
Then Per year turnover 36000*365=13140000/-
Is Audit Under Section 44AB applicable for him?
Please guide.
Thanks in Advance...
My bother is have Milk Agency of Amul.
The daily purchase is around 35000/- and sale is around 36000/-.
Then Per year turnover 36000*365=13140000/-
Is Audit Under Section 44AB applicable for him?
Please guide.
Thanks in Advance...
13 March 2015
yes yes tax audit is applicable in this case as gross revenue exceeds rs 1 crore.
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