Poonawalla fincorps
Poonawalla fincorps

Tax audit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
27 June 2012 Whether to include VAT element in turnover of sales to arrive at turnover limit for the applicability of TAX AUDIT.


Turnover to be taken for deemed profits u/s 44AD is to be inclusive of VAT or exclusive ?
Profile Image

CA CS Amit S. Kedia

Profile Image

CA CS Amit S. Kedia (Expert)
27 June 2012 Dear Mr. Vijay,

VAT element is to be included only if VAT amount is not transferred to VAT liability account i.e in the balance sheet.

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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links