08 April 2010
hi, kindly let me know, whether TAX audit is applicable in the following case:
a) Total sales (including VAT collected) is Rs. 43,00,000/- and the VAT collected amount is 4,50,000/-.
b) if there is a sales return, will the same be considered for calculation of turnover. (total sales excluding sales return is 38,50,000/- and sales return is Rs. 2,50,000/-)
CAclubindia
