Tax Audit

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Heman Chheda (Querist)
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25 June 2010 The company is Construction Company and it is following Project Completion Method. How Turnover be calculated for checking the applicability of Tax Audit??? The Company has received Advance from the allotees during the current year...

Aditya Maheshwari

Aditya Maheshwari (Expert)
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25 June 2010 Visit this link
https://www.caclubindia.com/forum/tax-audit-real-estate-85690.asp

Tax audit should be conducted if receipts or amount transferred to work in progress in a year crosses the tax audit limit.