CA Sahil Singla.. (Service Tax ) (3746 Points)
28 March 2011Sir
In case of Individual, having the business firms in which he is partner. In case of one of the firm Sec 44AB is applicable since sales exceed 40 lac during 2009-10. But in the same year Turnover of other business firm does not exceed 40lac.plz tell me if Sec 44AB is applicable to this firm also.
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 28 March 2011
no not applicable for tax audit
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