28 February 2009
As per sec 44AB, if t/o exceeds 40,00,000 then tax audit will be applicable. now suppose in any previous year,tax audit becomes applicable to the company and in a succeding year T/O is 25,00,000 i.e lee than 40,00,000 thenint that case will tax audit will be applicable for that year?
CAclubindia
