banner_ad

Taxation of management consultant

Tax queries 527 views 1 replies

Dear All , i am have some query in my mind my client is a Management Consultant(PropritershipFirm) and having Income of Rs 200000/- Per month received from company, and also having interest income of Over 2 Lacs , my question is ...

1. is Audit us 44AB is compursory.

2. Can we calculate tax above 8% Formulea on his gross receipt .

3. is interest income includes in gross receipt.what is the gross amount receipt Rs 200000/-*12=2400000+Rs 200000/-=26,00,000/- or Rs 2400000/-

 

awaiting your valueable sugession

Replies (1)

HE WILL COME UNDER SECTION 44AB FOR AUDIT AS HIS GROSS INCOME IS CROSSING THE LIMIT OF 25 LACS INCOME.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details