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Income tax audit

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20 May 2016 Sales Tax included in Turnover for calculation of income tax audit turnover limit ??

Thanks In Advance

23 May 2016 It depends on the method of accounting followed by the assessee....Refer section 145...
As per the section 44AB...sales tax is included in the Total Turnover BUT there are few judgments which favor the argument that Sales tax is the liability...
Ok



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