Tax audit u/s 44ab


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Guest (Querist)
22 December 2017 For the purpose of tax audit u/s 44AB, Whether T/O should include VAT or not, please clarify the reason if included and if not included........?

RAJA P M (Expert)
22 December 2017 It's not included...

02 January 2018 see,if vat(gst) would be included, most of the assesses would be covered in this section as their T/O will be increased by so much amount of VAT(gst). This section demands a pure T/O so that it can be noticed that who is covered beyond the limit of turnover n he has to get his accounts audited.


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