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WHETHER TAX AUDIT REQUIRED

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(Querist)
16 July 2011 MY CLIENT IS BUILDER HE PURCHASED LAND OF RS. 55 LACS AND OTHERS MATERIALS FOR RS. 15 LACS FOR CONSTRUCTION OF HOUSE FOR SALE DURING THE YEAR ONLY PURCHASED WAS MADE AND NO SALE WAS MADE.


WHETHER TAX AUDIT U/S 44AB IS APPLICABLE TO HIM?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
16 July 2011 Tax Audit U/s 44AB is applicable on the basis of Sales Turnover only.

In this case it is Not Applicable.
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PAVAN RAJPUROHIT

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PAVAN RAJPUROHIT (Querist)
16 July 2011 THANK YOU SIR
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