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Salary income more than 40 Lakhs, should I go for Audit?

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01 August 2009 An assessee who gets salary more than 40 lakhs. Is he liable to get audit? And what about if his salary income is 38 lakhs and income from other sources is Rs.5 lakhs?

01 August 2009 Hi,
Audit applicable only for business income. As you have income from salary or from other sources therefore audit u/s. 44AB not require.

01 August 2009 agree with ratan




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