Querry of tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 August 2011 sir
i am doing a job in a construction company and my director is filling his personal return by his advocate, his advocate taking the benefit of interest under the section 140A Rs. 18055/- can he take this benefit and how and what is the parameters for calculating the amount under this section.
Another question is that his personal income is above 15 lacs, is he liable for audit under section 44AB
plz tell me as soon as possible

thanking you

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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12 August 2011 section 140A for selfassessment tax.
your question is not cleared to me.

15 lacs income from which source?
if as a director remuneration then no tax audit required.

if income from business then that business should be audited.

Regards,
Ayush agrawal