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Tax audit u/s 44ab

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(Querist)
08 September 2011 Sir/madam,
If a Firm have sales of Rs. 5900000(excluding VAT Output) but Rs. 6200000(including VAt Output),
Is the Firm will be liable to Tax Audit u/s 44AB?
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Prakash Tolani

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Prakash Tolani (Expert)
08 September 2011 Turnover does not includes taxes recovered by yourself so 59 lacs will be considered as output.
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CA Prabhash Choudhary

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CA Prabhash Choudhary (Querist)
08 September 2011 Thanks Sir.




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