Applicability of tax audit on nri

This query is : Resolved

amit shah (Querist)
Follow

27 October 2017 An Individual has NRI status during the F.Y. 2016-17. He has professional income from India during the period. Is he liable to get his accounts audited u/s 44AB or shall file ITR 3 in normal course?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

27 October 2017 Tax audit applicable if income falls within the ambit of tax audit.

amit shah

amit shah (Querist)
Follow

27 October 2017 Sir, the professional income is around Rs. 10L. I am a bit confused due to insertion of new section 44ADA. So shall he get his accounts audited in such a circumstance?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

27 October 2017 Declare not less than 50% of gross receipts under 44ADA and file ITR 4 tax audit not applicable.

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

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rahul Kulkarni

Murugan

Moby Mogli

Suhasini

AJAY Kumar Agrawal

Subscribe Now

Applicability of tax audit on nri

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

Senior Executive

CA Final

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY