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Tax Audit

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(Querist)
05 April 2011 Induvidual person having business income of Rs.35,00,000/- for the financial year 2009-10.

Total receipts Rs.42,00,000/- during the year

My question is this transaction fall under tax audit.
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CA KRISHNA KUMAR DARUKA

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CA KRISHNA KUMAR DARUKA (Expert)
05 April 2011 Please clarify whether he has earned a profit of 3500000 on the turnover of Rs 4200000. If 42,00,000 is the turnover then tax audit is applicable for FY 2009-10.

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