Audit u/s 44ab
This query is : Resolved
08 July 2015
Dear Experts,
Would audit u/s 44AB get attract if purchase turnover is exceeding 1 crore and the sales were less then 1 crore rupees.?
The lines of the act has mentioned the word "Turnover" but has not clarified purchase turnover or sales turnover.
Would audit u/s 44AB get attract if purchase turnover is exceeding 1 crore and the sales were less then 1 crore rupees.?
The lines of the act has mentioned the word "Turnover" but has not clarified purchase turnover or sales turnover.
08 July 2015
Turnover means sales turnover only.
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08 July 2015
there is nothing called purchase turnover......
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