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Tax audit sec 44ab

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(Querist)
21 January 2015 Hi

Can anybody please solve my query
a person professtional income Rs.24Laks
Business income Rs. 80lakhs.

These total is exceeding 1Crore. in this case whether Tax audit is applicable?
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Amol S Joglekar

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Amol S Joglekar (Expert)
21 January 2015 The word INCOME as used by you in the query, I am taking it as TURNOVER/ RECEIPTS.

The tax audit is NOT applicable.
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Rupesh Jain

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Rupesh Jain (Expert)
21 January 2015 tax audit not applicable due to amount specified for audit is below the amount.
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