Applicability of Tax audit u/s 44AB of income tax act, 1961
This query is : Resolved
Suresh S. Tejwani
(Querist)
26 November 2024
If any individual party has business of crypto currency and purchase and sale of gaming coin and also showing credit card transaction of more than 4 crores in AIS & TIS then whether GST would be applicable on such ?
And whether tax audit u/s 44ab would applicable ?
And whether tax audit u/s 44ab would applicable ?
Dhirajlal Rambhia
(Expert)
26 November 2024
1. Yes.
2. No, if all the transactions are through banking channel.
2. No, if all the transactions are through banking channel.
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