Tax Audit Trigger: Advances Not Included in Turnover Calculation u/s 44AB of Income Tax Act.

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....Tax audit u/s 44AB - inclusion of advances - The mischief of section 44AB shall only become operative if the “turnover or business receipts” exceed Rs. 40,00,000/-. The section does not mention anything with regard to advances received from its customers and that too conditional - AT....