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tax audit

This query is : Resolved 
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(Querist)
12 August 2009 I have one huf account recently we sold the property more than 40 lacs but original cost is in thousand but end of the year going income arround above 40 lacs should be come under tax audit

reply as soon as possible

thanks & regards

Prashant
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
12 August 2009 if actual amt exceeeds threshhold you are under Tax Audit

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