Tax audit applicability

Save Share

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 August 2011 Hi
Respected Member

Can u help me regarding following.

1. One Client has total turnover of Rs. 70,00,000/- out of which 59,00,000 from sales and balancing figure from service income of rs. 11,00,000.

2. Same as above case but little change suppose out of above service income of rs. 59000000/- and balancing of rs. 11000000 of sales income then what will be the answer from your side respected sir.

is it tax audit case?
if yes may i know the exact provision of this where it is written?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

22 August 2011 The cases are covered U/Section 44AB(a).

Service Charges income also forms part of the turnover. The term Total sales, Turnover or Gross receipts are to be duly considered.

The cases are Tax Audit cases.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now