tax audit
This query is : Resolved
06 September 2009
If brokerage income on property is Rs.900000/- & tuition income from teaching is Rs. 200000/- of an individual. Whether Tax Audit u/s. 44AB will be applicable to him?
plz help me
plz help me
06 September 2009
No tax audit will not come. since business income is 9 Lakhs which is less than 40 lakhs and teaching income is 2 lakhs which is less than 10lakhs.
06 September 2009
DEAR SIR,
THANKS FOR UR REPLY.
BUT SIR I M IN CONFUSION THAT WHETHER BROKERAGE INCOME ON SALE OF PROPERTY IS PROFESSION OR BUSINESS INCOME.
THANKS FOR UR REPLY.
BUT SIR I M IN CONFUSION THAT WHETHER BROKERAGE INCOME ON SALE OF PROPERTY IS PROFESSION OR BUSINESS INCOME.
06 September 2009
It is business income.
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
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
