Regarding Tax Audit
This query is : Resolved
CA Shailendra Singh
(Querist)
02 June 2010
Sir,
A Pvt Company recieved income from house property and no other business income earn by the company during the financial year 2009-10. amt of rent from property is Rs. 62 Lakh, whether Tax audit is required or Not.....
Thanks
A Pvt Company recieved income from house property and no other business income earn by the company during the financial year 2009-10. amt of rent from property is Rs. 62 Lakh, whether Tax audit is required or Not.....
Thanks
02 June 2010
It is depending on whether your company showing income as under house property income or business income.
Section 44AB is applicable only "Audit of accounts of certain persons carrying on business or profession"
Section 44AB is applicable only "Audit of accounts of certain persons carrying on business or profession"
02 June 2010
If the rental income is not treated as Business income than there wont be taxed audit....
CA Shailendra Singh
(Querist)
02 June 2010
Thank u so much
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