Querry of tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2011
sir
i am doing a job in a construction company and my director is filling his personal return by his advocate, his advocate taking the benefit of interest under the section 140A Rs. 18055/- can he take this benefit and how and what is the parameters for calculating the amount under this section.
Another question is that his personal income is above 15 lacs, is he liable for audit under section 44AB
plz tell me as soon as possible
thanking you
i am doing a job in a construction company and my director is filling his personal return by his advocate, his advocate taking the benefit of interest under the section 140A Rs. 18055/- can he take this benefit and how and what is the parameters for calculating the amount under this section.
Another question is that his personal income is above 15 lacs, is he liable for audit under section 44AB
plz tell me as soon as possible
thanking you
12 August 2011
section 140A for selfassessment tax.
your question is not cleared to me.
15 lacs income from which source?
if as a director remuneration then no tax audit required.
if income from business then that business should be audited.
Regards,
Ayush agrawal
your question is not cleared to me.
15 lacs income from which source?
if as a director remuneration then no tax audit required.
if income from business then that business should be audited.
Regards,
Ayush agrawal
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