If a person has income from following businesses/profession, which of them will you consider (add) to judge that his Turnover will exceed the limit specified u/s 44AB, to say that the assessee is subject to tax audit ....???
a) Business Income from Trading, Turnover = Rs. 40 lacs
b) Business Income from Speculation, Turnover= Rs. 25 lacs
c) Bus. Inc.from Special Bus. specified u/s 35AD, Turnover = Rs 10 lacs
d) Gross Receipts from Profession (Consultant) = Rs. 10 lacs
e) Income from Hedging, Turnover = Rs. 12 lacs
f) Income from Future and Options (Derivatives), Turnover= Rs. 2 lacs
g) Income from SEZ Turnover =Rs. 15 lacs
h) Contract Income from construction of Buildings, Turnover (as per AS 9) =Rs. 135 lacs..
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