Panalty u/s 271b
Querist : Anonymous
His he required to submit audit report as gross is crossed 100 lakhs prescribed u/s 44AB?
income earned under section 10-13A not included for 44AB.
income earned under section 10-13A included for 44AB.
Case cited is distinguishable.
@ Questioner
Assessee can't be called as a pure agriculturist (since doing business also). Income from tea manufacture is not fully tax free (corollary to rule 8 of IT Rues,1962).
In view of the above, Rs. 16 lacks has to be counted for determining the threshold limit of 44AB meaning thereby ,in the cited issue tax audit applies.
Querist : Anonymous
Querist : Anonymous
suppose a assessee both have agriculture and non-agriculture income.He submitted his return u/s 139(1)without claiming the tax free agriculture income benefit, now can he claim the benefit on subsequent assessment proceedings ?
Click here to login now
Similar Resolved Queries
- GSTR9- ITC
- Audit of F and O T/O
- GST 9- Table 8
- REVENUE RECOGNITION AS PER IND AS 115
- RCM on GTA Services
- How to update Transaction data in broker samco account holding after transfer shares KARVY
- Applicablity on tds
- Unable to generate and save json file for updated return
- GST payable under RCM
- WRONGLY UPLOADED 10IF FOR COOPERATIVE SOCIETY
- Related to Rate of Depreciation
- Mismatch of Sales Invoice in GSTR-1
- Query on Mismatch of Sales Invoice in GSTR-1
- Import purchase entry
- Rule 54(1A) for Distributing ITC
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
Trending Online Classes
CAclubindia
