SECTION 44AB TAX AUDIT
This query is : Resolved
13 March 2009
IF PURCHASES ARE EXCEEDING RS.40 LAKH LIMIT THEN ALSO TAX AUDIT APPLY.
AND IF YES THEN PURCHASES INCLUDE WHAT AND WHAT NOT?
PLEASE TELL ME AS IT IS URGENT.
AND IF YES THEN PURCHASES INCLUDE WHAT AND WHAT NOT?
PLEASE TELL ME AS IT IS URGENT.
13 March 2009
audit is applicable if gross receipts of business exceed 40l not purchase
13 March 2009
No.
Tax Audit is not applicable if purchases exceed 40L.
But, VAT Audit will be applicable.
Tax Audit is not applicable if purchases exceed 40L.
But, VAT Audit will be applicable.
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