Filing of air for the tax audit assessees
This query is : Resolved
18 April 2017
it is mandatory to file tax audit assessees to file AIR under section 285BA of Income tax act 1961 for the A.Y2017-18 before 31-05-2017.
19 April 2017
No, it is not mandatory for every Tax Audit Assessee.
As per Sr. No.11 of Sub-rule 2 of rule 114E only those assessees (which are required to get their accounts audited) are required to file statement under 285BA who have received payment in cash exceeding 2 lakhs rupees for sale of goods and services.
As per Sr. No.11 of Sub-rule 2 of rule 114E only those assessees (which are required to get their accounts audited) are required to file statement under 285BA who have received payment in cash exceeding 2 lakhs rupees for sale of goods and services.
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19 April 2017
thanks for your reliable answer
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