Tax audit u/s 44ab
This query is : Resolved
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?
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?
08 September 2011
Turnover does not includes taxes recovered by yourself so 59 lacs will be considered as output.
08 September 2011
Thanks Sir.
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