Applicability of tax audit

Save Share

This query is : Open

mohit pathak (Querist)
Follow

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).

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

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...

Message likes : 1 times

mohit pathak

mohit pathak (Querist)
Follow

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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now