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TMI BlogIssue in 44Ab and DVATX X X X Extracts X X X X X X X X Extracts X X X X ..... Issue in 44Ab and DVAT X X X X Extracts X X X X X X X X Extracts X X X X ..... B has been extended by 1 Cr but is the same limit will be applicable in case of DVAT also ? In other words if an assessee having turnover of 80 lacs and registred under VAT then whether he is liable ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to get his accounts audited to fullfill the requirments in Delhi VAT ? Thanks in advance Reply By Pradeep Khatri: The Reply: Since both the Tax i.e. Income Tax and DVAT are exclusively independent, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... i.e. one is central act and the other one a levied by the Delhi State, therefor provisions of the Section 44AB of the Income tax act would not be applicable in determining the conducting the audit un ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... der DVAT Act. Reply By Vinod Kumar: The Reply: Sir I am taking about the Balance sheet and Profir & loss account along with audit report required to be submitted to the DVAT Department in the month ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of Jan each year not about the DVAT Audit ? I mean if a VAT dealer is having turnover of 80 lacs in the FY 2012-13 need not to get his account audited in the income tax act, 1961 but whether he has t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o submit the Audited Balance sheet and Profit & Loss account along with audit report to the VAT Department ?
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