Tax Audit u/s 44AB or not
This query is : Resolved
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.
Now query is whether the assesse is subject to Tax Audit u/s 44 AB of I.T. Act or Not.
25 July 2011
yes, he is liable for tax audit under Sec. 44AB, and Scrutiny fee will be treated professional income
25 July 2011
The same is not covered under the definition of Profession so no need to get tax audit if you are showing 8% of profit of your receipts.
25 July 2011
yes i completely agree with Mr.Navin Jain. he is liable to tax audit.
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
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- ITC EXCESS CLAIM + RCM NOT PAID...BOTH FOR FY 2020-21......PAID IN FY 2024-25....EFFECT
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
