HI Frinds,
Mr. A is runnning a Milk dairy, its purchase & sales cross the 1 crores receipts.
is he liabile to tax audit......???
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Is he liable to tax audit........??
Replies (2)
in my opinion, he is liable for tax audit, as there seems no specific exemption for this business
Yes. He is liable to maintain books of accounts and for Tax Audit under section 44AB.
Thanks.
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