Easy Office

Audit u/s 44ab is required?

This query is : Resolved 
Profile Image

Profile Image

(Querist)
28 November 2014 Gross Receipts of Agricultural Market Committee is above Rs.85 lacks Whether audit U/s 44AB of Income Tax Dept. is applicable to this unit?
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
28 November 2014 It comes under business, hence threshold limit is Rs. 1 crore. sec.44AB wont apply
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
29 November 2014 limit under the business activity u/s 44AD rs. 100 lacs then no requirement of audit.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links