WHETHER TAX AUDIT REQUIRED
This query is : Resolved
16 July 2011
MY CLIENT IS BUILDER HE PURCHASED LAND OF RS. 55 LACS AND OTHERS MATERIALS FOR RS. 15 LACS FOR CONSTRUCTION OF HOUSE FOR SALE DURING THE YEAR ONLY PURCHASED WAS MADE AND NO SALE WAS MADE.
WHETHER TAX AUDIT U/S 44AB IS APPLICABLE TO HIM?
WHETHER TAX AUDIT U/S 44AB IS APPLICABLE TO HIM?
16 July 2011
Tax Audit U/s 44AB is applicable on the basis of Sales Turnover only.
In this case it is Not Applicable.
In this case it is Not Applicable.
16 July 2011
THANK YOU SIR
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