05 September 2008
My friends business is retail outlet of Reliance communication ltd. In this business his trading of Mobile is Rs. 24.00 Lacs and trading of E Voucher, top up is Rs. 1.21 Crore which is service item trading on commission basis on behalf of Reliance Communication under the name M/s. XYZ Communication. I want to know whether audit u/s. 44 AB is applicable on this business for the Asstt. year 2008-09
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