Easy Office
LCI Learning

TAX AUDIT U/S 44AB WHEN SALES ARE BELOW 40 LAKHS

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 April 2008 IN THE F Y 2007-08 MY PURCHASES IS RS 42 LAKHS AND SALES IS RS 39 LAKHS WHETHER I LIABLE TO GET TAX AUDIT OR NOT BECAUSE MY SALES/TURNOVER/GROSS RECEIPT IS LESS THAN 40 LAKHS IF ANY CASE LAW OR REFERRENCE BOOK FOR CASE LAW
Profile Image

CA Shailesh +91 9393926464

Profile Image

CA Shailesh +91 9393926464 (Expert)
24 April 2008 No . u r not liable for tax audit
Profile Image

CA Shailesh +91 9393926464

Profile Image

CA Shailesh +91 9393926464 (Expert)
24 April 2008 However, i suggest u to have audit
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Shreyans

Profile Image

Shreyans (Expert)
27 April 2008 u r only liable if you are in retail business, since you are having a loss (i.e. less than 5% profit on T/O)

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links