Tax audit mendatory if there is no turnover but having capit
This query is : Resolved
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
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
in this, accordingly, tax audit should not apply
11 March 2014
if there is no turnover then no tax audit is applicable.
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