AUDIT U/S 44AB

This query is : Resolved 

15 January 2011 DOCTOR RUNNING A HOSPITAL UNDER PROPRIETORSHIP WITH GROSS RECEIPTS Rs. 20 LACS INCLUDING CONSULTANCY RECEIPTS OF Rs. 4 LACS. IS HE LIABLE TO GET HIS A/C AUDITED U/S 44 AB.
KINDLY SUGGEST CASE LAW FOR THE ABOVE CASE ALSO.

15 January 2011 Yes, he is Liable as Gross receipts exceeds Rs.15 lakhs as per section 44AB

15 January 2011 It is possible to argue that the assessee is carrying on "profession" vide page 24 of ICAI publication "Issues on Tax Audit".


15 January 2011 he has to go for tax audit as he his carrying specified profession and his gross receipt is more than the min limit for the same



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries