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
CAclubindia
