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Applicability of sec 44 ab

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(Querist)
19 August 2015 For a firm having business of branding, advertising, promotional campaign, and having a turnover of 30,00,000 , What is limit of 44 AB AUDIT?Is it 25 lakh or 1 crore? Also TDS on 194 J and 194 C is deducted.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
19 August 2015 Rs 1 crore....firms are not covered under Rs 25 lakhs limit
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Shehin M K

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Shehin M K (Querist)
20 August 2015 since TDS is deducted u/s 194 J, is it considered as a profession?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
21 August 2015 firms are not considered as professionals...as simple as that...doesnt matter how the TDS was deducted.

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