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AUDIT u/s. 44AB


08 July 2009 In case of professional, who is a visiting faculty in various institutes, whether teaching honorarium received by him will be considered for calculating limit for 44AB. The institute paying honorarium is duduction TDS as professional fees.

08 July 2009 Hi,
In my opinion, teaching honorarium will be considered for calculating limit u/s. 44AB.

08 July 2009 No only business/professional income will be taken into account for this purpose. this is income from other sources.


09 July 2009 Mr. Tilak, Thanks for the answer. If you have any case laws or any decision on the subject, let me know.



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