Tax audit applicability u/s 44AB
This query is : Resolved
05 December 2008
Can anyone help me ?
Whether tax audit u/s 44AB is applicable to the Trust if the total turnover during the year exceeds Rs. 40 Lacs?
Whether tax audit u/s 44AB is applicable to the Trust if the total turnover during the year exceeds Rs. 40 Lacs?
05 December 2008
Yes.
05 December 2008
Whenever turnover of any assessee engaged in business exceeds Rupees Forty Lacs Tax Audit is compulsory irrespective of constitution of the assesee. hence in the instant case tax audit is compulsory.
05 December 2008
if the trust is engaged in business
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