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
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- ITDS U/S.194T of Firm
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- Cash balance limit and property purchases limit
- Journal entry of busniess expenses
- GST Rate for Catering Services
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
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
