TAX AUDIT - TRANSPORTER

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 March 2010 THE ASSESSEE IS ENGAGED IN THE BUSINESS OF TRANSPORTATION & HAS ISSUED TRANSPORTATION BILLS OF RS 75 LACS. ALL THE VEHICLES USED FOR TRANSPORTATION ARE ON HIRE & ASSESSEE HAS PAID AN HIRE CHARGE OF RS 30 LACS.

IS HE LIABLE FOR AUDIT.

28 March 2010 there is limit of 60 lacs for audit from april 1,2010.currently there is limit of 40 lacs.

28 March 2010 I hope the above case tax audit will be attracted


28 March 2010 yes in above case limit of 40 lacs has been croosed.

01 April 2010 yes tax audit is applicable in above mention case



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