Tax Audit is compulsory to whom?

Answer Posted / rajkumar jankar

tax audit is compulsory for those who are having the
turnover exceeding 60,00,000.(F.Y. 10-11) they have to do
the tax audit compulsory

Is This Answer Correct ?    21 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Who is an assessee?

719


certificate of export is for which items?

1478


assessee is a developer. menthod of accounting- mercantile. he sold a flat to party , registration has been done in financial year 2012-13. but he has taken the sale next financial year on the ground that one cheque has been credited in the next financial year. can the assessee's claim can be considered for taxation purpose

1177


what is tax avoiding?

1585


How can I Return CST Form-I

1244






What are the procedures for remitting WCT?

1678


if the goods are purchased against H Form, is there any specified time limit winthin which they should be exported?; if yes then wat is that limit?

4377


WHAT IS COMPOSITION RATE IN Andhara pradesh SALES TAX?

1430


Sir, We purchased coal from NCL on CST basis. An incentive is paid on the basis of performance basis of NCL. NCL Raise there incentive bill for Rs. 1000+CST2% Rs.20 Total Rs. 1020/-. But As per Our Calculation, Incentive bill should be Rs. Basic 900+18 (CST)total Rs. 918. We argue and disputed and paid only Rs. 918/- . After Some time they also agree that incentive amount should be Rs. 900+CST but Now they revised the bill like this Basic Incentive Rs. 900+CST Rs.20/- (Original Tax value). And now they are demanding C for with CST 20/- but our pleas is that we are not liable for the mistakes made by the NCL and will issue C for for Rs. 18 Only. Now They are demanding C for for difference of Rs. 2 of CST. My Question is what should be the actually value of C form for CST ie. Rs. 18 or 20. considering the fact that we accounted only rs. 918/- in books and disputed is resolved after one year for basic value.

1435


What is permanent account number (pan)?

724


How to calculate excise duty on mobile products?

1378


HOW THE INTEREST WILL BE CALCULATED IF WE MAKE INCOME TAX RETURNS LATE AND WHAT IS MEANT BY YEAR END?

2010


What is the different between Excise Invoice and Invoice

1633


do we have tds in nigeria

2591


What is meant by Cost of Improvement?

1564