Applicability of tax audit on nri
This query is : Resolved
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?
27 October 2017
Tax audit applicable if income falls within the ambit of tax audit.
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?
27 October 2017
Declare not less than 50% of gross receipts under 44ADA and file ITR 4 tax audit not applicable.
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