Tax Audit
This query is : Resolved
19 June 2009
When co-operative socities are liable to tax audit u/s.44AB
19 June 2009
When the income side of its Income & Expenditure exceeds Rs. 40 lacs then the society is liable for audit u/s. 44AB. i.e. if the gross total income exceeds Rs. 40 lacs then audit is required u/s. 44AB.
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