one of my client has turnover of Rs. 98,00,000/- + he has paid Vat of Rs. 3,00,000/-
is tax audit required u/s 44AB
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Eligibility criteria tax audit u/s 44ab
Replies (1)
YES TAX AUDIT IS REQUIRED, THE GROSS TURNOVER IS THE TEST TO CHECK WHETHER THE ACCOUNTS ARE TO BE AUDITED OR NOT.
SINCE IT IS 98 + 3 = 101, TAX AUDIT APPLIES.
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