Menu
Tax audit applicability
I am a proprietor of packaging business. My turnover for FY 18-19 was 98 lacs. I also teach at a coaching institute and annual income from teaching is 6 lacs on which coaching institute deducts TDS u/s 194J. Whether income tax audit of 44AB is applicable to me..? Is 1 cr limit of tax audit is taken as combined income of business & profession or separately?
Replies (4)
No tax audit applicability
@ Swapnil Pradhan.,
No... Tax audit not applicable in Your case...
No... Tax audit not applicable in Your case...
Tax audit not applicable for your case.
Thanks all. Many thanks 👍
Recent Threads
- Initimation on AIS
- GST on sponsorship from foreign body corporate
- Revised Income tax return karna padega kya
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
Related Threads
CAclubindia
