Applicability of tax audit

This query is : Resolved

Guest

Guest (Querist)

30 August 2011 Hello friends,

I want to know about the applicabilty of Tax Audit u/s 44AB in case of a person earning professional fees.Gross recipets are more than Rs. 15 Lacs for FY ended March, 2011.

The person was resident in previous year ended March, 11. However, he was Non - Resident for all previous years. Thus, not goverened under the Indian Tax Laws in all earlier years.

Kindly reply.

Thanks
Shivangi Garg

CA Navin Jain

CA Navin Jain (Expert)
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30 August 2011 Every assessment year is considered separately from other assessment year , hence tax audit is necessary for the assessment year of 11.12

Guest

Guest (Querist)

30 August 2011 Thanks sir....i got it...

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