If any assesse donot have any income under head B/P, but has 80 lakhs as house rent reciepts & 25 lakh interest under head other income
Liable to tax audit?
G.S. Arora (no) (98 Points)
26 September 2016
CA Raj Doshi
(Practising CA)
(8723 Points)
Replied 26 September 2016
CA Harshal Totla
(Chartered Accountant)
(2229 Points)
Replied 27 September 2016
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 27 September 2016
I THINKS
FIGURE IS NOT BELEIVEABLE 80 LACK RENT AND 25 LACK INTEREST
BUT IF THIS FIGURE IS RIGHT , 44AB NOT APPLICABLE
BECAUSE YOUR INCOME FROM HOUSE PROPERTY AND OTHER SOURIES
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