Tax audit
This query is : Resolved
12 July 2010
If a individual has the income give below in the Assessment year 2010-11, he is liable to get his Accounts Audited under section 44AB of the Income Act.
Rent received from renting House Property:30 Lacs
Short Term Capital Gain : 20 lacs
Rent received from renting House Property:30 Lacs
Short Term Capital Gain : 20 lacs
12 July 2010
Dear Sunil
Income from House Property and Capital Gain Income is not considered for Tax Audit purposes. As the Turnover from Business is the deciding factor which is 40 lacs under section 44AB.
So be free from the FEES of CA !!!
Income from House Property and Capital Gain Income is not considered for Tax Audit purposes. As the Turnover from Business is the deciding factor which is 40 lacs under section 44AB.
So be free from the FEES of CA !!!
12 July 2010
Thanks
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- 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 ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
