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Applicability of tax audit u/s 44 ab

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 August 2016 For the Financial year 2015-16, a technical consultant received fee from various parties Rs.23.00 lakhs on which TDS is also deducted. He also received service tax of Rs.2.25 lakhs. If the service tax receipt is also taken into account his Gross receipts will be Rs.25.50 lakhs. Is service tax can be separately accounted for to have the limits of Gross receipts below Rs.25.00 lakhs and thereby avoid Tax audit provisions?.
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CA ABHAY GUPTA

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CA ABHAY GUPTA (Expert)
03 August 2016 gross receipts exclude the service tax amount thus no tax audit liability arise in this case..

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