Query on sec 44ab
This query is : Resolved
Jashpreet kour
(Querist)
06 September 2016
In The Case of a Company, Whose Income is lower than 8% of the Turnover in the AY 2016-17, Whether Tax Audit is Applicable on Such Company under clause 44AB(c) ?
Amol S Joglekar
(Expert)
06 September 2016
yes, if it satisfies the conditions as set out in those sections respectively... viz. ......
44AE........ not owning more than 10 goods carriages...etc...
44BB....... 10%
44BBB....... 10%
( 8 % is immaterial in all those sections........ 8 % is for 44AD and not for 44AB(c)
44AE........ not owning more than 10 goods carriages...etc...
44BB....... 10%
44BBB....... 10%
( 8 % is immaterial in all those sections........ 8 % is for 44AD and not for 44AB(c)
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