Tax Audit Limit
This query is : Resolved
SUNIL SINGH
(Querist)
17 February 2010
Tax Audit Limit is Rs.40,00,000/-. Is it only of the Sales Turn Over, OR it includes Closing Stock and Direct Income also?
Rahul Gupta
(Expert)
17 February 2010
For the Sales Turnover. No closing Stock and Other Income is included.
17 February 2010
Sales turn over including excise duty. Relating to other income if it is incidental to your manufacturing then it not include other wise you have to consider separately
CMA Ramesh Krishnan
(Expert)
17 February 2010
Yes.Sales turn over only
CA Ravi Sisodia
(Expert)
17 February 2010
only turnover(sales)
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