HI Frinds,
Mr. A is runnning a Milk dairy, its purchase & sales cross the 1 crores receipts.
is he liabile to tax audit......???
2 Replies
p k agrawal
(FCS ACA)
(37 Points)
Replied 01 June 2013
in my opinion, he is liable for tax audit, as there seems no specific exemption for this business
Rohit Aggarwal
(ACA Bcom (H) MBA MCom)
(470 Points)
Replied 01 June 2013
Yes. He is liable to maintain books of accounts and for Tax Audit under section 44AB.
Thanks.
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