Tax audit applicability
DEVESH MEHTA (ARTICLE) (37 Points)
29 July 2014DEVESH MEHTA (ARTICLE) (37 Points)
29 July 2014
Mouli
(Articleship)
(55 Points)
Replied 29 July 2014
For computing limit u/s 44ab, receipts of Business & Profession should not be clubbed. Sec 44ab deals with Professional services only. In case if the service component in the works contract is related to Professional service you have to club that service value