AUDIT u/s. 44AB
This query is : Open
08 July 2009
In case of professional, who is a visiting faculty in various institutes, whether teaching honorarium received by him will be considered for calculating limit for 44AB. The institute paying honorarium is duduction TDS as professional fees.
08 July 2009
Hi,
In my opinion, teaching honorarium will be considered for calculating limit u/s. 44AB.
In my opinion, teaching honorarium will be considered for calculating limit u/s. 44AB.
08 July 2009
No only business/professional income will be taken into account for this purpose. this is income from other sources.
09 July 2009
Mr. Tilak, Thanks for the answer. If you have any case laws or any decision on the subject, let me know.
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