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Tax Audit U/S 44AB

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(Querist)
11 August 2008 for applicability of audit sales should be including of VAT or Excluding 40 lacs
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
18 August 2008 It is the system of accounting which matters. In case assessee accounts for sales at gross figures by taking into account the VAT amount also then the gross sales will be considered for the purpose of tax audit otherwise not.

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