Monday, 8 September 2014

Value of derivative transactions in commodities at MCX won’t be included in turnover for tax audit p

IT : Value of sale transactions of commodity through MCX without delivery cannot be considered as turnover for purpose of section 44AB and, therefore, failure on part of assessee to get its accounts audited in such a case, would not lead to levy of penalty under section 271B


No comments:

Post a Comment