Whether tax audit applicable
This query is : Resolved
28 September 2011
one assessee is involved in devloping business, his wip for the year end 31.3.2011 is above Rs.60 lakhs,
whether tax audit liable
pls tell urgently
whether tax audit liable
pls tell urgently
29 September 2011
yes he is required to get his accounts audited if the total sales, turnover or gross receipts in business exceed sixty lakh rupees in the previous year.
According to section 44AB of Income tax Act
According to section 44AB of Income tax Act
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