An Assessee Who had received a Professional receipts of Rs.8,90,000/- u/s.194 J (As per Form-16 A) and Commission of Rs.8,90,000/- u/s.194 H (As per Form-16 A) during the financial year 2010-11.
My Query is
1.Whether he is liable for Tax Audit u/s.44 AB or not ?
25 July 2011
It depends on the kind of profession he does. If the same is covered in profession u/s 44AA or 194J. Then you have to get it audited otherwise you may take the benefit of Sec 44AD.
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