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Tax Audit Limit

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(Querist)
17 February 2010 Tax Audit Limit is Rs.40,00,000/-. Is it only of the Sales Turn Over, OR it includes Closing Stock and Direct Income also?
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Rahul Gupta

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Rahul Gupta (Expert)
17 February 2010 For the Sales Turnover. No closing Stock and Other Income is included.
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shrikant

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shrikant (Expert)
17 February 2010 Sales turn over including excise duty. Relating to other income if it is incidental to your manufacturing then it not include other wise you have to consider separately
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
17 February 2010 Yes.Sales turn over only
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
17 February 2010 only turnover(sales)

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