27 August 2011
The assessee is a professional (C S). He receives commission and brokerage from a comapny as independent direcor for his professional expertise of Rs. 12,00,000/- per annum. 2)He during the year received consultancy fess from other companies Rs. 2,50,000/- 3)He received during the year royalties from sales of books written by him Rs. 3,00,000 and 4) he received during the year teaching honorarium of Rs. 2,00,000/- as visting faculty at various institute. i want to whether his accounts to be audited u/s. 44AB of IT act 1961. and why?
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