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Tax Audit

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(Querist)
18 May 2010 Once Tax audit applicable to Private limited company and then subsequent year tax audit is applicable even though turnover is below 40 lakh.

What is to be included in Turnover?
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CA KISHORE VANAMA

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CA KISHORE VANAMA (Expert)
18 May 2010 Tax audit is appliacable only for that particular year when the turn over exceeds 40 lakhs.
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CA. VIKAS GUPTA

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CA. VIKAS GUPTA (Expert)
18 May 2010 Hi,
tax audit is applicable only in the year in which limit of turnover u/s 44AB crosses not in any other year.
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