Menu
Applicability of sec 44ab
will the foreign turnover be added into indian turnover for the purpose of tax audit?
Replies (3)
Turnover is calculated assessee wise. Place where sales are made or services are rendered is irrelevant.
Therefore, foreign turnover is also to be included in calcualting total turnover.
Yes the total turnover will be considered for compulsory tax audit u/s 44AB.
Thanks
Recent Threads
- Larification on Applicability of ESI, PF, and Grat
- GST RCM Liability on Royalty on Gujarat State
- Head of income for TDS u/s 194JB
- Property purchase value acquired before 2001
- Error in ITR3 - OS sheet.
- 57th GST Council Meeting: Rate Rationalization on
- Can I amend Bills of Gstr1 after filing for itc re
- REITS and which itr ?
- LONG TERM CAPITAL GAIN ON SALE OF listed SHARES
- AI Tools for Accounting
Related Threads
CAclubindia
