abhijit das (student) (91 Points)
12 September 2013one pvt ltd company. nature of business is management consultant.
Inome is above 25 lakhs but below 1 crors.
is u/s 44AB for the a.y - 2013-14 tax audit necessary?
CA Revati Galgali
(B.com ACA DipIFR(ACCA) CS(Exe))
(1049 Points)
Replied 16 September 2013
Only professionals can practice a profession, as per me a professional cannot be a corporate, because its personal in nature and hence the management consultancy being provided is a business, and not a profession, consequently, 1 crore should apply. Wait for other replies.
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