Tax Audit compulsory or not?

31 October 2017

A Doctor has 2 income

salary income 28 lacs
professional receipt less than Rs.50 lacs for FY 16-17.

Is Doctor required to Tax Audit?

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4 Replies

Pallav Bansal (CA Final) (372 Points)
Replied 31 October 2017

No as sec 44AB(2) clearly mentioned that gross receipts shall be more than 50L.

Pallav Bansal (CA Final) (372 Points)
Replied 31 October 2017

Gross Receipts from Profession*

RAJA P M ("Do the Right Thing...!!!") (128096 Points)
Replied 31 October 2017

No need for above said way of the Incomes...

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 31 October 2017

Audit date extended upto 07 November.

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