Audit u/s 44AB
This query is : Resolved
28 September 2008
I want to know that a newly formed company which is related to animation industry and its objects are to provide education to students and to produce films and animated serials then
on which limit tax audit will be done for this company ? on Rs.10 Lakhs or on Rs.40 Lakhs.
Please reply with reasons.
on which limit tax audit will be done for this company ? on Rs.10 Lakhs or on Rs.40 Lakhs.
Please reply with reasons.
28 September 2008
This seems turnover by business as u explained because job work as well as training both involved as when u have formed a company with business objective so 40 L limit will be appliacble.
The provision for software industries will be applicable in your case irrelevant turnover is less or newly setup.
To know more reason ,you can confirm more from experts who are involved in tax audit of software industries.
The provision for software industries will be applicable in your case irrelevant turnover is less or newly setup.
To know more reason ,you can confirm more from experts who are involved in tax audit of software industries.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Nomination of Bank for refund in itr 2
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Relief u/s Section 89
- TDS Challan Code
- SGST balance is there in credit ledger how to adjust for cgst
- CCFS 2026 Schemed
- E way bill for tractors
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
