Tax audit applicable or not

Tax queries 1556 views 23 replies

As per Sec 44AB Tax audit if  Turnover exceeds Rs.60lakhs For AY 2011-12. tax Audit is Applicable.

Replies (23)

As per Sec 44AB Tax audit if  Turnover exceeds Rs.60lakhs For AY 2011-12. tax Audit is Applicable.

Learned viral

You are quoting section 2(23) of which Act?

Since S 2(23) of the IT Act defines Firm. 

Please clarify

Thanks

https://taxbykk.blogspot.com/

In ur case Tax Audit is not applicable u/s 44ab, Tax audit applicable to those whoz turnover exceeds 60lakhs, and it doesnt depends upon purchases.

not applicable at all as the turnover does not exceed the limit specified in 44AB

it is not applicable at all

not applicable.......

Not applicable.. Bcz U/s 44AB v hav 2 consider sales/turnover bt not purchases..

No Tax Audit is not applicable bcoz turnover is considered and not the amount of purchases!!

Tax audit provisions  not applicable


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