Tax audit u/s 44 ab
This query is : Resolved
27 September 2014
individual having business turnover from activity 1 normal of business is 90 Lakhs (Which opt for 44AD ) and activity 2 commission/brokerage(which is not eligible for 44AD )turnover is 20 Lakh
so he having total turnover of Rs 110 Lakh. Whether he is liable for tax audit u/s 44ab?
so he having total turnover of Rs 110 Lakh. Whether he is liable for tax audit u/s 44ab?
28 September 2014
a person earning brokerage income is not eligible for 44AD at all. please refer 44AD(6).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Voluntary gst tax given in DRC FORM 3 US 122 AND US125
- New Time limit for gst assessment for fy 2017-2018,2018-2019,2019-2020,2020-2021
- Query regarding table 17 of GSTR9
- Chemical and Appratus
- TDS deduction requirement
- Pre-deposit @20%- appeal proceedings
- Rebate u/s 87a on STCG / LTCG - New tax regime
- RCM ON FREIGHT PAID FOR EXEMPTED PURCHASE
- Regarding Remuneration to partners
- GSTR9 REGARDING
- Partnership deed drafting.
- Turnover limit for E-invoicing
- ITR form for company and LLP
- Is correct way of accounting
- Employer given to employee Rs. 5 Lakhs as Gift
- Which ITR form to choose
- Regarding 87A rebate demand
- Do i report my salary credits in interest sec. foreign checking account while reporting schedule FA
- TABLE 5O OF GSTR 9C
- RCM liability short paid off how to report in 9C-reply urgenly
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
