what items should be considered to count Rs. 60 lacs limit for TAX AUDIT U/s 44AB

CA Ankur Goel (sr. executive) (133 Points)

21 July 2011  

If Annual sales of any concern is60.00 Lacs and above then Tax Audit is Compulsory.

What items should be considered to count60 Lacs limit.

Whether Gross Sales(Turnover) will be taken into account 

Or Net Sales 

(Gross Sales

Less: Excise, Vat, other taxes)