Poonawalla fincorps
Poonawalla fincorps

44ab

This query is : Resolved 
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(Querist)
04 March 2014 If my turnover is 1.05 crore which constitutes 10 lacs of vat, will i be liable for tax audit u/s 44AB?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
04 March 2014 Yes you will be liable for tax audit since turnover for the purpose of tax audit includes sales tax liability.

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