Audit u/s 44AB of IT Act.
This query is : Resolved
15 September 2008
A doctor is employed in a private hospital and gets an annual salary of Rs.6 lakhs.At the same time he is maintaining his private practise and from that he gets an amount of Rs. 7 lakhs per annum as fees. Does his accounts to be audited u/s 44 AB of the IT Act,1961.
16 September 2008
It is the Sale, Gross Receipt or Turnover from Business or Profession which is to be considered only for the purpose of Tax Audit u/s 44AB.
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