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Tax Audit

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22 August 2009 Hello,
Please let me know whether an assessee who was conducted Search u/s 132 liable for tax audit if the sales turnover is above 40 lakhs. Notice for assessment u/s 153A is not yet been issued

Can tax audit be done based on the extracts(photo copy of books, vouchers and bills) taken by the assessee during search


23 August 2009 yes, it can be done & tax audit report can be issued on it.

23 August 2009 agree with expert




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