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Tax audit

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 September 2011 if the purchase in a year are of 50lacs but the sales are of 36 lacs whether the assesse is require to get accounts audited u/sec44AB
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CA Navin Jain

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CA Navin Jain (Expert)
07 September 2011 turnover is include sales not purchase, further tax audit is applicable is turnover is more than 60 lacs.

Hence, in your case tax audit is not applicable

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