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Tax audit mendatory if there is no turnover but having capit

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(Querist)
07 March 2014 A firm having no turnover but sell a fixed assets and getting capital gain from it.Is he liable to make audit under 44AB
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
07 March 2014 tax audit is based on business turnover. capital gains is not considered for 44AB application.

in this, accordingly, tax audit should not apply
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
11 March 2014 if there is no turnover then no tax audit is applicable.
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