Whether Technical Services covered under the defination of profession for getting the audit of
acconts U/s 44ab of Income Tax Act 1961
CA.AZAD JAIN (CA) (201 Points)
14 May 2013Whether Technical Services covered under the defination of profession for getting the audit of
acconts U/s 44ab of Income Tax Act 1961
Deepak Gupta
(CA Student)
(15922 Points)
Replied 14 May 2013
Originally posted by : Azad Jain | ||
Whether Technical Services covered under the defination of profession for getting the audit of acconts U/s 44ab of Income Tax Act 1961 |
The following have been listed out as professions in section 44AA and notified thereunder (Notifications No. SO-17(E) dated 12.1.77, No. SO 2675 dated 25.9.1992 and No. SO 385(E), dated 4.5.2001):
.
(i) Accountancy
(ii) Architectural
(iii) Authorised Representative
(iv) Company Secretary
(v) Engineering
(vi) Film Artists/Actors, Cameraman, Director, Singer, Story-writer, etc.
(vii) Interior Decoration
(viii) Legal
(ix) Medical
(x) Technical Consultancy
(xi) Information Technology
.
Refer Para 4.3 of Guidance Note on Tax Audit, issued by ICAI