Tax audit applicability

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 December 2013 Whether tax audit will be applicable in following situation?
One partner receives only interest and remuneration income from partnership firm. Partnership firm may be 1 or more than 1. But these 2 income exceeds 1 crore. Then tax audit u/s 44AB would be applicable? please provide particular reference of this point or decided case laws if any.
Please reply fast.
Thanking You.

30 December 2013 yes. given that remuneration received from partnership is considered as business income, 44AB should apply in such a case.

30 December 2013 yes sec 44AB very well applies in this case also.


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Querist : Anonymous

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Querist : Anonymous (Querist)
30 December 2013 Pls. provide reference with particular coverage of this point or decided case laws.

30 December 2013 when income exceeds rs 1 crore then there is no need for any case law just refer the bare provision of section 44AB

30 December 2013 your query seems like a CA exam question.,.Answer on the basis of decided case laws. Man read the act.

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 December 2013 Then new question arises what you audit in such a case. where only two income and nothing else?

30 December 2013 so how does that matter...even there is only one income you need to still audit!!


30 December 2013 WHEN THERE IS ONLY 2 INCOME THEN PERFORM TAX AUDIT PROGRAME ON THEM.

Hope this ans to new question also.

30 December 2013 whether there is single or many income all will be clubbed and will be tax if it crosses the threshold limit of 1 crore...



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