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Compulsory audit of accounts of commission agents In the case of " kachha arahtiyas" the turnover does not include the sales effected on behalf of the principals and only the gross commission has to be considered for the purpose of section 44AB. In the case of agents of the type of "pucca arahtiya", on the other hand, the total sales/turnover of the business should be taken into consideration for determining the applicability of the provisions of section 44AB. - Circular No. 452 dated 17.3.1986. |
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