Applicability of tax audit
This query is : Resolved
Kinjal Nandu
(Querist)
12 April 2014
Whether for a company providing professional (architectural) services tax audit limit should be Rs 25 lakhs or Rs One Crore?
Rupesh Jain
(Expert)
12 April 2014
FOR PROFESSIONAL U/S 44AB LIMT IS RS. 25 LACS AUDIT IS COMPULSORY
Kinjal Nandu
(Querist)
12 April 2014
Okay. Thank you sir.. So this means it does not make a difference whether the assessee is a company providing professional services or an individual professional ?
13 April 2014
Company cannot carry on profession. Citation :- [2006] 156 Taxman 86 (Mag-Tri). So, threshold limit for 44AB is Rs. 1 crore.
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
- Tax on Amount transferred in HUF Account
- Nursery business
- Working on Gold wastage during Melting of old gold jewellery
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Intimation under section 245
- Section 269ST applicability for capital introduced by partner to his partnership firm
- ETDS return q4 25-26
- GSTR-9C filing
- GST input credit on commercial property
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
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
