TAX Audit for Trader / Pvt Ltd co.

This query is : Resolved 

19 September 2008 Dear Experts,

please guide me if any trader purchased more then or equal to 1 crore and sale is 30 lacs in any F.Y whether its is liable for tax audit or not for Pvt Ltd or any others.
if yes then why?


Thanks & Regards
Ravinder



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