Section 44ab
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 May 2013
if a doctor earn from profession fess rs. 21 Lacks & from Sales From Medical store as Business rs. 7 Lakhs then Audit u/s 44 AB require.
44 Ab says a person carrying profession than limit 25 lacks . in this case gross receipt below this limit & also limit in case of business 1 crore less from this limit ( i.e. 7 lacks).
so audit require or not
44 Ab says a person carrying profession than limit 25 lacks . in this case gross receipt below this limit & also limit in case of business 1 crore less from this limit ( i.e. 7 lacks).
so audit require or not
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