If person recd professional fees 14,00,000 from Professional Receipt (director of one of the company) and 85 lac from sale of property and 25 lac from other sources. in this case he is liable to do audit?
deepak (PCS) (424 Points)
22 October 2019If person recd professional fees 14,00,000 from Professional Receipt (director of one of the company) and 85 lac from sale of property and 25 lac from other sources. in this case he is liable to do audit?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170785 Points)
Replied 22 October 2019
No, provided sale of property is not under his business income ....
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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