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PRAKASH MATUPALLIPRAKASH MATUPALLI asked 7 months ago

Sir 
in order to apply Tax Audit whether the business income excees 1crore or do we need to check  applicability after we allow all deductions under chapter v1A ie on Gross Total Income ??? suppose total business income is 1.5 crores and gross total income after deductions is 90lakhs which one should we consider in order to apply the tax audit ???

1 Answers
RaviRavi Staff answered 7 months ago

turnover is taken before any deductions

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