Audit u/s44AB
This query is : Resolved
30 September 2009
If my Net turnover of sales Rs. 38lacs
(excluding vat)& if vat includes in the sale then gross turnover became Rs.41 lacs.Should I liable for I.Tax & Vat Audit???????? Pls.help me.
(excluding vat)& if vat includes in the sale then gross turnover became Rs.41 lacs.Should I liable for I.Tax & Vat Audit???????? Pls.help me.
01 October 2009
NO vat audit reason being turnover under vat is exclusive of taxes.
IT Tax audit is applicable since turnover inlcudes vat collected.
IT Tax audit is applicable since turnover inlcudes vat collected.
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