to do or not to do the audit.
This query is : Open
11 February 2009
1. i have two propritorship farm.one of them is cloth and another is of chemical business.
now turnover of cloth business is 35 lacs and turnover of chemical business is 10 lacs.
whether i am liable for tax audit u/s 44AB?
2. if turnover of the profession is 8 lacs and turnover of business is 35 lacs.
then i am liable for tax audit u/s 44AB?
now turnover of cloth business is 35 lacs and turnover of chemical business is 10 lacs.
whether i am liable for tax audit u/s 44AB?
2. if turnover of the profession is 8 lacs and turnover of business is 35 lacs.
then i am liable for tax audit u/s 44AB?
11 February 2009
1. Yes, you are liable for tax audit u/s 44AB.
2. Yes, in this case you are also liable to tax audit as limit for professional receipts is rs. 10 lacs.
2. Yes, in this case you are also liable to tax audit as limit for professional receipts is rs. 10 lacs.
12 February 2009
if the gross receipt in profession is 8 lacs then
1. whether i m liable for audit?
1. whether i m liable for audit?
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