Requirement of tax audit

Others 1025 views 1 replies

one 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?
 

Replies (1)

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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