Applicability of tax audit
This query is : Open
10 September 2015
Dear sir/ madam
I am bit confused regarding the limit for applicability of section 44AB on Real Estate Consultancy Firm (property dealer).
I am bit confused regarding the limit for applicability of section 44AB on Real Estate Consultancy Firm (property dealer).
10 September 2015
for a property dealer, only commission received is the turnover, Rs 1 cr limit shall apply as he is not a professional...
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18 September 2015
THANKS FOR YOUR REPLY
BUT I WANT SOME SHORT OF CIRCULAR, CASE LAW TO PROOVE MY GROUND.
OUR CA IS CONSIDERING LIMIT OF 25 LAKHS ONLY.
IF WE BECOME LIABLE TO TAX AUDIT THERE ARE SEVERAL OTHER OBLIGATIONS LIKE DEDUCTION OF TDS UNDER CERTAIN SECTION.
BUT I WANT SOME SHORT OF CIRCULAR, CASE LAW TO PROOVE MY GROUND.
OUR CA IS CONSIDERING LIMIT OF 25 LAKHS ONLY.
IF WE BECOME LIABLE TO TAX AUDIT THERE ARE SEVERAL OTHER OBLIGATIONS LIKE DEDUCTION OF TDS UNDER CERTAIN SECTION.
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