12 February 2018
i have sold an immoveable property ( land ) for Rs.1.50 crore. will it form part of turnover? is any audit u/s 44 AB is required? my turnover from regular business is Rs. 80.00 lakhs for which my income is above 8%. Can the experts kindly clarify this ?
Expert :
Anonymous
Expert :
Anonymous
(Expert)
12 February 2018
No...
It's not including in Your Business Income.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
12 February 2018
thank you sir. do i understand that audit u/s 44AB is not required?