Audit u/s 44ab
This query is : Resolved
21 June 2013
Mr. A has professional receipts of Rs. 23,90,000/- & have a commission income of Rs. 6,00,000/-. A single P&L account is prepared for both the above businesses. Whether audit u/s 44AB will be applicable in this case or not ?
21 June 2013
it the commission is receipt on the professional work or contract then 44ab will aplicable.
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