Whether liable to tax audit u/s 44ab or not?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 March 2014
IF TOTAL T.O OF THE PARTY IS BELOW TAX AUDIT LIMIT BUT DUE TO CAPITAL GAIN...SUCH CAPITAL GAIN AMOUNT EXCEED THE TAX AUDIT LIMIT...SO WHETHER CONCERN IS LIABLE TO TAX AUDIT?
e.g.:- FOR A.Y.2014-15
TOTAL T.O. :-64LACS
CAPITAL GAIN :- 1.2CRORES
WHETHER LIABLE TO TAX AUDIT OR NOT?
e.g.:- FOR A.Y.2014-15
TOTAL T.O. :-64LACS
CAPITAL GAIN :- 1.2CRORES
WHETHER LIABLE TO TAX AUDIT OR NOT?
13 March 2014
only the turnover is to be seen for applicability of sec 44AB tax audit.
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