gross receipts & tax audit
This query is : Resolved
09 November 2007
whether gross collection of the cinema (Playing motion pictures)theatre collections come under turnover for the purpose of 44AB.
10 November 2007
UNDER SEC. 44 AB IF A PERSON IS CARRYING ON BUSINESS, AND IF THE TOTAL SALES, TURNOVER OR GROSS RECEIPTS IN BUSINESS FOR THE PREVIOUS YEAR RELEVANT TO THE ASSESSMENT YEAR, EXCEED RS. 40 LAKHS , SUCH PERSON IS COVERED UNDER TAX AUDIT.
ACCORDINGLY IN THE CASE REFERRED BY YOU , IF THE GROSS COLLECTIONS EXCEED RS 40 LAKHS, TAX AUDIT NEEDS TO BE DONE AND REPORT SUBMITTED.
R.V.RAO
ACCORDINGLY IN THE CASE REFERRED BY YOU , IF THE GROSS COLLECTIONS EXCEED RS 40 LAKHS, TAX AUDIT NEEDS TO BE DONE AND REPORT SUBMITTED.
R.V.RAO
10 November 2007
Answer given by Sri R.V.Rao is in consonance with the view of ICAI.
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
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Gift Received from nonblood relative
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Rental income gst and it purpose
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
