44ab
This query is : Resolved
30 June 2012
Suppose a person is having income from capital gains from shares and no other income. Is it necessary for the person to go for audit or not?
30 June 2012
Thankyou for the reply regarding excise duty payment but Central excise Inspector is not agreeing, he is telling the 6th is the duty payment.
Ours is a PCB manufacturing unit, which comes under chapter no. 8534 , turnover less than 4 , please let us know whether our unit comes under SSI unit? what is the chapter NO. 7,7a,7b,7c and 7D. Please clarify.
Ours is a PCB manufacturing unit, which comes under chapter no. 8534 , turnover less than 4 , please let us know whether our unit comes under SSI unit? what is the chapter NO. 7,7a,7b,7c and 7D. Please clarify.
30 June 2012
Section 44AB is applicable only to BUSINESS INCOME and NOT other incomes.
Accordingly, if a person has income only from Capital Gains, he is NOT required to get his accounts audited.
Accordingly, if a person has income only from Capital Gains, he is NOT required to get his accounts audited.
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
- ITR 6 Schedule CFL and UD Issues
- TDS RATE ON RENT PAID TO NRI
- Income Type for interest from government bonds
- TCS ON SOFTWARE SALES
- FREELANCING ACCOUNTANT
- Not a CA , can we prepare balance sheet
- Gstr 9 2023-24
- GST Form ADT-02
- Reporting of savings account interest income
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- 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?
Trending Online Classes
CAclubindia
