CA VEERENDRA MURASHILLIN HUBLI (CHARTERED ACCOUNTANT) (123 Points)
01 October 2016
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166277 Points)
Replied 01 October 2016
NO.
The Language of Section 44AB is Clear. The requirement of compulsory audit is only in respect of Business carried on by the person and not in respect of his income from other sources.The audit report is required only in respect of books of account pertaining to the business.(Gai construction v. State of Maharashtra)
CA Raj Doshi
(Practising CA)
(8898 Points)
Replied 01 October 2016
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