Question regarding auditable case
This query is : Resolved
RAJIV JINDAL
(Querist)
22 May 2012
SIR ,
MY QUERY IS THAT IN THE CASE OF CONTRACTORS OF ALCOHOL ARE THEY LIABLE TO AUDIT THEIR ACCOUNTS
MY QUERY IS THAT IN THE CASE OF CONTRACTORS OF ALCOHOL ARE THEY LIABLE TO AUDIT THEIR ACCOUNTS
23 May 2012
It is necessary to post complete question in order to get a correct and exact answer.
Anhow, if turnover is above one crore then audit is must for a business entity other than Company. If it is a Company then AUDIT is must for any amount of turnover.
The amount of One Crore shall get replaced by Rs. 60 Lakhs if the financial year is 2011-12.
For the turnover above Rs. One Crore TAX AUDIT REPORT is also a must.
Anhow, if turnover is above one crore then audit is must for a business entity other than Company. If it is a Company then AUDIT is must for any amount of turnover.
The amount of One Crore shall get replaced by Rs. 60 Lakhs if the financial year is 2011-12.
For the turnover above Rs. One Crore TAX AUDIT REPORT is also a must.
RAJIV JINDAL
(Querist)
24 May 2012
SIR,
MY QUARRY IS THAT WHETHER IN THE CASE OF CONTRACTOR OF ALCOHOL THEIR BUSINESS RECEIPT ARE CONSIDER AS SALE OR NOT
MY QUARRY IS THAT WHETHER IN THE CASE OF CONTRACTOR OF ALCOHOL THEIR BUSINESS RECEIPT ARE CONSIDER AS SALE OR NOT
24 May 2012
Earlier you asked if accounts are liable to audit and now you say I asked if receipts are sale or not.
Please contact at vkbajaj1950@yahoo.co.in and mention your question clearly in order to get a clear answer. Please!!!
Please contact at vkbajaj1950@yahoo.co.in and mention your question clearly in order to get a clear answer. Please!!!
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