13 May 2011
Tax Audit for Survey and Map Making service is proffessional service Rs.15 lakhs turnover limit u/s 44AB .
Querist :
Anonymous
Querist :
Anonymous
(Querist)
14 May 2011
1. What is the definition of Profession for the purpose of section 44AB of the Income Tax Act ?
2. What if technically unqualified persons forms a partnership firm to render Survey and Map Making services and Gross receipt exceeds Rs 15 lakhs ? Does the books of accounts need to be compulsoryly audited u/s 44AB ?
3. What if doctors forms a partnership firm to run a hospital and gross receipts exceeds Rs 15 lakhs ? Does the books of accounts need to be compulsoryly audited u/s 44AB ?