Audit u/s 44AB
This query is : Resolved
22 June 2011
Dear Professionals
Please let me know if a person having turnover of rs.57 lacs and other income of rs. 3.5 lacs for the year ending 31st Mar 2011 has to get his accounts audited u/s 44AB.
Please let me know if a person having turnover of rs.57 lacs and other income of rs. 3.5 lacs for the year ending 31st Mar 2011 has to get his accounts audited u/s 44AB.
Pushpa Raj Dhakal
(Expert)
22 June 2011
Sec 44AB uses total sales , turnover or gross receipts. Since, in the given case gross receipts is exceeding RS 60 lakks, the person has to get accounts audited u/s 44AB
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Mayur Agrawal
(Expert)
22 June 2011
yes he has to get his accounts audited.
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