09 August 2008
1.Assessee working as builder gross turnover is 15L. OR 2.Assessee is working as Interior Designer turnover 15L.
Wheather tax audit is applicable in both the cases under professional catagery or only in case no 2? If the assessee not having professional qualification, can he decide on in which catagery to fall in?
09 August 2008
THE ASSESSEE IS LIABLE TO GET HIS ACCOUNT AUDITED IN THE CAPACITY OF INTERIOR DECORATOR, AUDIT WILL BE CONDUCTED FOR HIS OTHER BUSINESS ALSO.
IN MY OPINION, IF HE IS DOING AS INTERIOR DESIGNER AND THE CATAGORY IS PRESCRIBED UDNER IT ACT, HE CAN NOT DECIDE THE CATEGORY
CAclubindia
