Tax Audit
This query is : Resolved
28 February 2009
As per sec 44AB, if t/o exceeds 40,00,000 then tax audit will be applicable. now suppose in any previous year,tax audit becomes applicable to the company and in a succeding year T/O is 25,00,000 i.e lee than 40,00,000 thenint that case will tax audit will be applicable for that year?
28 February 2009
No.
28 February 2009
No. It is very clear in Income Tax that Each assessment year a saperate assessment year.
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