1. One Client has total turnover of Rs. 70,00,000/- out of which 59,00,000 from sales and balancing figure from service income of Rs. 11,00,000.
2. Same as above case but little change suppose out of above service income of Rs. 59000000/- and balancing of Rs. 11000000 of sales income then what will be the answer from your side respected sir.
is it tax audit case? if yes may i know the exact provision of this where it is written?
22 August 2011
HI, FOR YOUR CASE IT IS IMPORTANT TO KNOW THAT SERVICE INCOME IS RELATED TO SALES OR NOT. IF IT IS RELATED WITH SALES THEN U CAME WITHIN THE PERVIEW OF SECTION 44AB.
IF YOUR SERVICE IS NOT REALTED WITH SALES THEN IN BOTH CASES U WILL BE NOT COVERED U/S 44AB.
CAclubindia
