Applicability of 44ab
This query is : Resolved
07 August 2013
Dear Sir,
one of our client provide Third Party Administrator service, total TPA Fee received during Financial Year 2012-13 is Rs. 80 Lacs, should this company is liable under 44AB for Tax Audit.
is TPA fee of this company is covered under Business or Profession.
kindly advise..
one of our client provide Third Party Administrator service, total TPA Fee received during Financial Year 2012-13 is Rs. 80 Lacs, should this company is liable under 44AB for Tax Audit.
is TPA fee of this company is covered under Business or Profession.
kindly advise..
07 August 2013
since your company is providing service and receving professional income the tax audit limit for professional income is rs 25 lakhs, in your case tax audit is applicable as fees received exceeds rs.25 lakhs.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Reporting Income under Section 44ADA
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 1: Details for showing Exempt Income
- ITR 2 Short Term gain & Long term gain
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR returnFY25-26
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
