Easy Office
LCI Learning

Eligible for Tax Audit Or Not

This query is : Resolved 

17 August 2009 Respected all,

i found that in the P.Y. 08-09 my company income is around 39 lakhs ..........but since 2005 its income is more than 40 lakhs hence tax audit is done ........I want to know this year what is to be done..........whether tax audit should be carried out or not

17 August 2009 Tax Audit is based on turnover or Gross receipt, not on Income. so if your turnover is 39 lakhs then 44ab Audit is not required



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query