Tax Audit in case of Future & Options
This query is : Resolved
03 April 2008
Sir,
When the assessee is liable to Tax Audit u/s 44AB. It depends on Turnover or Profit Earned durig the year. Profit should be gross or net after adjustment of losses.
When the assessee is liable to Tax Audit u/s 44AB. It depends on Turnover or Profit Earned durig the year. Profit should be gross or net after adjustment of losses.
03 April 2008
Turnover, Sales or gross receipts as the case may be is the criterion.
04 April 2008
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