Tax audit
This query is : Resolved
23 July 2014
Hi friends i've a doubt, pl clarify..
One of my client has a Partnership firm and their sales for the year is 50laks with a loss of 1.4laks..My query is -1.4laks is obviously less than 8% of gross receipt/sales so does it comes under tax audit.. If yes how, if no how.??
One of my client has a Partnership firm and their sales for the year is 50laks with a loss of 1.4laks..My query is -1.4laks is obviously less than 8% of gross receipt/sales so does it comes under tax audit.. If yes how, if no how.??
24 July 2014
yes. tax audit will apply in this case.
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