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Tax audit limit for company

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 June 2015 My client is a company, all the directors are professionals and whole turnover comprises of professional receipts.
Last year turnover is 90 lakhs, whether 44AB will be applicable. whether we have to do tax audit.
can company be a professional ?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
30 June 2015 Tax Audit not applicable since Tax Audit limit for company is Rs 100 Lacs. Company can not be professional.
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Querist : Anonymous

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Querist : Anonymous (Querist)
01 July 2015 agree with you, can you please provide me some reference stating that company cannot be a professional.
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