Audit u/s.44 ab is applicable

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Rakesh Raval (Querist)
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14 September 2012 Assesse is LIC Agent and earned a commission of Rs.15.00 lacs. So the Audit applicatble u/s. 44 AB or not applicable to him.

CA AYUSH AGRAWAL (Expert)
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14 September 2012 Under Professional Service, Audit applicable if Exced 15 Lacs.
Yes, 44AB is Applicable & Take as a Profession

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