TAX AUDIT - TRANSPORTER
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 March 2010
THE ASSESSEE IS ENGAGED IN THE BUSINESS OF TRANSPORTATION & HAS ISSUED TRANSPORTATION BILLS OF RS 75 LACS. ALL THE VEHICLES USED FOR TRANSPORTATION ARE ON HIRE & ASSESSEE HAS PAID AN HIRE CHARGE OF RS 30 LACS.
IS HE LIABLE FOR AUDIT.
IS HE LIABLE FOR AUDIT.
sachin alwadhi
(Expert)
28 March 2010
there is limit of 60 lacs for audit from april 1,2010.currently there is limit of 40 lacs.
CA.ViVeK M ACA
(Expert)
28 March 2010
I hope the above case tax audit will be attracted
sachin alwadhi
(Expert)
28 March 2010
yes in above case limit of 40 lacs has been croosed.
CMA Arif Farooqui
(Expert)
01 April 2010
yes tax audit is applicable in above mention case
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