AUDIT U/S 44AB

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NITYANAND SHUKLA (Querist)
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15 January 2011 DOCTOR RUNNING A HOSPITAL UNDER PROPRIETORSHIP WITH GROSS RECEIPTS Rs. 20 LACS INCLUDING CONSULTANCY RECEIPTS OF Rs. 4 LACS. IS HE LIABLE TO GET HIS A/C AUDITED U/S 44 AB.
KINDLY SUGGEST CASE LAW FOR THE ABOVE CASE ALSO.

Manmohan ACA, CS

Manmohan ACA, CS (Expert)
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15 January 2011 Yes, he is Liable as Gross receipts exceeds Rs.15 lakhs as per section 44AB

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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15 January 2011 It is possible to argue that the assessee is carrying on "profession" vide page 24 of ICAI publication "Issues on Tax Audit".

CA SANDEEP BANSAL

CA SANDEEP BANSAL (Expert)
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15 January 2011 he has to go for tax audit as he his carrying specified profession and his gross receipt is more than the min limit for the same

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