Income tax audit under section 44ab
This query is : Resolved
19 August 2016
IF ANY ASSESE HAVE NOT carry on business or profession INCOME BUT HE HAVE EARN FROM OTHER HEAD LIKE SALRY , CAPITAL GAIN , INCOME FROM HOUSE PROPERTY , INCOME FROM OTHER SOURCE GREATER THAN 1 CARORE
SO QUESTION ARISE
IS IT COMPULSORY AUDIT FOR HIM UNDER SECTION 44AB ?
SO QUESTION ARISE
IS IT COMPULSORY AUDIT FOR HIM UNDER SECTION 44AB ?
22 August 2016
Section 44AB is applicable for the head "Income from business & profession". If there is no income under this head and the assesse earns income from other heads, S.44AB would not be applicable.
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