Classification under tax audit
This query is : Resolved
02 January 2012
A person engaged in providing in-house software development services to various clients under the name and style of XYZ Pvt. Ltd. He is registered under service tax for this purpose.
Under Income Tax, will he be required to tax audit on the basis of "Business" i.e. turnover exceeding 60 lacs or that of "professional" i.e. turnover exceeding 15 lacs?
Under Income Tax, will he be required to tax audit on the basis of "Business" i.e. turnover exceeding 60 lacs or that of "professional" i.e. turnover exceeding 15 lacs?
03 January 2012
SOFTWARE DEVELOPMENT IS NOT A NOTIFIED PROFESSION UNDER SECTION 44AA HENCE LIMIT OF 60L WILL APPLY
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
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