Tax audit applicable to salaried person

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Amit

Amit (Querist)
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03 November 2014 Sir,

Please tell me Tax audit provisions of Sec 44AB are appicable to Salaried Person as well.

Ganeshbabu K

Ganeshbabu K (Expert)
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03 November 2014 tax audit 44AB not applicable of individual is having only salary income.
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however if individual getting salary and also have business/professional income more than 1 crore/25 lakhs tax audit 44AB will be applicable

Amit

Amit (Querist)
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04 November 2014 Thank you sir,

What if assessee has salary income more than 1 cr. and income from business 10 lac.

Can you please provide me the some text relating to this from Act.

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Ganeshbabu K

Ganeshbabu K (Expert)
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04 November 2014 no tax audit applicable if he shown atleast 8% profit in turnover of business
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no tax audit on salary income