WHAT INCLUDE IN INCOME


This query is : Resolved 

04 April 2010 SIR PLEASE TELL ME THE COMPANY OR FIRM WHICH ANNUAL INCOME ABOVE 60 LAKH .THAN THEY ARE LIABLE TO AUDITED THEIR ACCOUNTS.SIR SO PLEASE TELL ME WHAT INCLUDED IN INCOME ( WHICH ARE ABOVE 60 LAKH )OUR CO. SALE OR OTHER INCOME.AS PAR MY KNOWLEDGE NOT OUR SALE OUR INDIRECT AND DIRECT INCOME. PLAESE SIR REPLY SOON.THANKS IN ADVANCE.

CA Shiv (Expert)
04 April 2010 Hello,

I think u talking of the Tax auditk if i am not wrong. For the last year the limit is 40 Lakhs. means your turnover of sales/gross receipts exceeds 40 Lakhs...


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