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Audit 44b

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 September 2013 If assesse has business of trading have turnover Rs. 70Lac and also receiving commission Rs. 35LAC . Is he Liable to audit under 44AB & audit report is also consolidated
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
22 September 2013 Yes. he is liable for audit under 44AB.
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Ashwani Narnoli

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Ashwani Narnoli (Expert)
22 September 2013 yes
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Querist : Anonymous

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Querist : Anonymous (Querist)
22 September 2013 If assesee is has turnover of Rs. 75Lac in one business & also has 50lac turnover in other business in AY 2013-2014 . If assesee opts for 44AD on Rs. 50 Lac then 44AB is applicable as limit exceeds 1crore.

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