Tax audit U/s.44AB
This query is : Resolved
28 March 2011
A proprietor running 2 different proprietory business, the combines turnover of both business crossing limit of 40 Lakh, whether liable for tax audit? (Individual concerns below 40 Lakh).
28 March 2011
yes liable for tax audit
Combine turnover will be considered for tax audit
Combine turnover will be considered for tax audit
28 March 2011
Tax audit limit is now 60 lakh and if Both business total sales, Turnover or Gross receipts exceeds the limits specified then Tax audit U/s 44 AB will be applicable
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