tax audit

This query is : Resolved 

30 January 2010 if propriter getting the professional fees rs 1400000/- and paid professional fees of rs 600000/- is he liable for the audit or not pls tell me its urgent

30 January 2010 Yes he will be liable for tax audit.

The gross receipts are to be seen for the purpose of turnover and not net

30 January 2010 yes liable for tax audit. Rs.1400000 should be consider for the purpose of limit for tax audit.




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