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tax audit
my turnover rs 103 lakh which included 5 lakh is vat,whether it is liable for tax audit net sales 98 lakhs
Replies (3)
If Vat has been shown separately in invoice then no. Otherwise it will be considered as a part of the turnover and you will be liable for tax audit US 44AB.
Turnover for Audit exceed from Rs. 1.00 cr. to Rs. 2.00 cr. from FY 2016-17.
It is 2 Crore in 44AD but here it is 1 cr
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