Brokarage or Commission
This query is : Resolved
07 August 2010
Is it necessary to audit the books of account U/S 44AB of income tax Act., in the case of Brokarage or commission exceeds Rs. 40 lakhs for the A.Y. 2010-11.
07 August 2010
Yes Tax Audit is compulsory.
07 August 2010
Yes audit u/s 44AB required as turnover exceeds Rs. 40 lakhs during the year.
From next year turnover limit Rs. 60 lakhs.
From next year turnover limit Rs. 60 lakhs.
07 August 2010
Yes, its mandatory in the given case.
07 August 2010
agreed, if current year exceeds rs.40 lacs t.o audit compulsory. but next yes it may be bcs limit is going to be rs.60 lacs.
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
- CG after sale of flat
- 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
