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Tax audit limit

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 July 2015 Dear Sir,

A Business Coach providing training to the management team of the companies had earned income aggregating to Rs.55 lakhs during the financial year 2014-15. Is the client liable for audit under Sec 44AB ? What is the limit for which audit is applicable in these cases?

Please clarify ?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
05 July 2015 yes. he should be...he will be covered as a professional. the limit is RS 25 lakhs

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