Easy Office
LCI Learning

Apllicability of tax audit

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
24 July 2014 ONE OF MY FRIEND IS A PROFESSIONAL SINGER

AS PER HIS 26AS INCOME RS. 23 LACS UNDER SEC 194J & RS. 5 LACS U/S. 194C FOR AY 2014-15

MY QUESTIION IS THAT IS IT NECESSARY TO GET HIS BOOKS OF ACCOUNTS AUDITED ? IF THE ANSWER IS NO, CAN HE FILE RETUN U/S. 44AD UNDER PRESUMPRIVE INCOME

PLEASE PROVIDE BEST ANSWER

THANKS
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
24 July 2014 yes as total income exceeds rs 25 lakhs then tax audit is applicable....
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
24 July 2014 But sir out of total income Rs. 500000 is under section 194c and is contract income but not as a professional capacity
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
24 July 2014 income def includes all sorts of income for the purpose of tax audit........................

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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess


Answer Query



Quick Links