Running & Maintaining Bus
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 June 2010
Running & Maintaining of Bus (Travels) are comes under Business or Service? and what is the applicability of audit on the same i.e. 10 lac or 40 Lac
24 June 2010
Running Buses is Service nature only but not a professional categary hence the limit is Rs.40 lacs
24 June 2010
IT is a service of tour & transport.
For tax audit : 40 Lacs will be taken.
For tax audit : 40 Lacs will be taken.
24 June 2010
As per Section 44 AA running and maintaining of bus is not a professional service. Hence limit of Rs 40 lacs [ now 60 lacs from AY 2011-12] will be applicable
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