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Tax audit applicability u/s 44AB

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(Querist)
05 December 2008 Can anyone help me ?

Whether tax audit u/s 44AB is applicable to the Trust if the total turnover during the year exceeds Rs. 40 Lacs?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
05 December 2008 Yes.
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CA Parvin Ahuja

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CA Parvin Ahuja (Expert)
05 December 2008 Whenever turnover of any assessee engaged in business exceeds Rupees Forty Lacs Tax Audit is compulsory irrespective of constitution of the assesee. hence in the instant case tax audit is compulsory.



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Late CA Sampat Jain

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Late CA Sampat Jain (Expert)
05 December 2008 if the trust is engaged in business

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