Audit u/s 44AB
This query is : Resolved
30 September 2008
I have formed a private limited company providing management consultancy services and other project finance work. My Previous Year Income is Rs 16 Lacs
My query is whether my company will be covered under Professional Category and will be liable for Tax Audit
My query is whether my company will be covered under Professional Category and will be liable for Tax Audit
30 September 2008
Management consultancy comes under Profession. Accordingly if the gross receipts exceeds Rs.10 lakhs per annum tax audit is mandatory.
01 October 2008
yes you will attracts TAX audit u/s.44AB
01 October 2008
Management consultancy is a profession and the limit is Rs.10 lacs. There has to be tax audit
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Income Type for interest from government bonds
- TCS ON SOFTWARE SALES
- Not a CA , can we prepare balance sheet
- Valuation of diamonds as on 01.04.2001
- What is meaning of merging of expenses or income in accounts
- Accounting treatment of write off sundry debtors
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- GST RCM not shown in GSTR-3B
- Bill from Dispatched from issue.
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
