Tax Audit U/S 44AB
This query is : Resolved
Aashish S Mehta
(Querist)
11 August 2008
for applicability of audit sales should be including of VAT or Excluding 40 lacs
18 August 2008
It is the system of accounting which matters. In case assessee accounts for sales at gross figures by taking into account the VAT amount also then the gross sales will be considered for the purpose of tax audit otherwise not.
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