Good morning,
I am attending one Doctor file below I mentioned his gross income which I gave in detail pls go through with dat nd let me know whether he vl come for tax audit r not
salary from the institution 8,28,636
income from partnership firm 15,59,437
Scanning collection 13,22,550
Rent received. 6,27,282
Not applicable.
= 'The requirement of compulsory audit is only in respect of the business carried on by the person and not in respect of his income from other sources.' Ghai Construction v. State of Maharashtra [2009] 184 Taxman 52 (Bom.)
= Scanning collection 13,22,550 is taken as Business Turn Over.
= Even though you may club Business income from Partnership Firm for calculating total turn over for applicability of sec. 44AB, it does not cross 1 Cr.
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