whether the surrendered income during survey will be considered as turnover for taxaudit under sec 44AB.
Company has not yet commenced itsbusiness.
Naresh Nahar (CA/CS/DIT) (87 Points)
08 December 2010whether the surrendered income during survey will be considered as turnover for taxaudit under sec 44AB.
Company has not yet commenced itsbusiness.
CA Sahil Singla..
(Service Tax )
(3746 Points)
Replied 08 December 2010
It will not be considered...as 44AB is applicable in case of Turnover/Total sales/Gross receipts
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