Turnover for Section 44AB
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 April 2010
hi,
kindly let me know, whether TAX audit is applicable in the following case:
a) Total sales (including VAT collected) is Rs. 43,00,000/- and the VAT collected amount is 4,50,000/-.
b) if there is a sales return, will the same be considered for calculation of turnover. (total sales excluding sales return is 38,50,000/- and sales return is Rs. 2,50,000/-)
kindly let me know, whether TAX audit is applicable in the following case:
a) Total sales (including VAT collected) is Rs. 43,00,000/- and the VAT collected amount is 4,50,000/-.
b) if there is a sales return, will the same be considered for calculation of turnover. (total sales excluding sales return is 38,50,000/- and sales return is Rs. 2,50,000/-)
10 April 2010
a) Tax audit is applicable if turnover(including VAT) exceeds Rs.40 Lacs.
b) Sales return to be deducted from sales, if it is in the same financial year.
b) Sales return to be deducted from sales, if it is in the same financial year.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Booth for sales promotion
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
