25 July 2011
One of My client being an Individual is State Govt. Authorised Surveyor.He qualificaton is ITI (diploma). He is doing survey activities on behalf of Govt & getting Scrutiny Fees from the Customers. out of that 10% of Scrutiny Fees is remitted to Govt.Department towards Govt tax. His total Gross Receipts from Such Survey activities in form of Scrutiny Fees is Rs.Approximately Rs.20.00 Lacs during the year 2010-11(i.e.as on 32.03.2011).
Now query is whether the assesse is subject to Tax Audit u/s 44 AB of I.T. Act or Not.
CAclubindia
