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Tax audit u/s 44ab (a)

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24 November 2014 IF THERE ID CONSTRUCTION BUSINESS. & NO SALES MADE DURING THE YEAR BUT STOCK OF CONSTRUCTION IS MORE THAN 1 CR.THEN ASSESSEE IS LIABLE TO TAX AUDIT?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 November 2014 in this case u need check only the turnover calculated as per AS7 and not the stock in trade even if it exceeds rs 1 Crore.

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