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TAX AUDIT

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(Querist)
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?

WHETHER PROPERTY BROKERAGE INCOME IS INCOME FROM PROFESSION OR BUSINESS ?

plz help me
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
06 September 2009 Property brokerage income is income from business and cannot be categorised as profession.
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CA CHINTAN AJMERA

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CA CHINTAN AJMERA (Expert)
06 September 2009 Tax audit is not require.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
06 September 2009 NOt liable for audit.

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