Audit u/s 44AB
This query is : Resolved
30 September 2008
I have formed a private limited company providing management consultancy services and other project finance work. My Previous Year Income is Rs 16 Lacs
My query is whether my company will be covered under Professional Category and will be liable for Tax Audit
My query is whether my company will be covered under Professional Category and will be liable for Tax Audit
30 September 2008
Management consultancy comes under Profession. Accordingly if the gross receipts exceeds Rs.10 lakhs per annum tax audit is mandatory.
01 October 2008
yes you will attracts TAX audit u/s.44AB
01 October 2008
Management consultancy is a profession and the limit is Rs.10 lacs. There has to be tax audit
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