Turnover u/s 44ab
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 September 2014
Hi,
I want to know that if Fixed asset is transfer to scrap a/c,and thereafter scrap invoices are raised. Is this scrap sale to include as turnover for Tax Audit u/s 44AB or not?
I want to know that if Fixed asset is transfer to scrap a/c,and thereafter scrap invoices are raised. Is this scrap sale to include as turnover for Tax Audit u/s 44AB or not?
13 September 2014
Yes scrap sale is to be included as turnover for tax audit.
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