Sec44ab

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Querist : Anonymous

Querist : Anonymous (Querist)

06 June 2016 is 44ab applicable to corporate bodies like companies?
just tell me yes or no.

CA R SEETHARAMAN (Expert)
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06 June 2016 Yes it is applicable.

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Querist : Anonymous

Querist : Anonymous (Querist)

06 June 2016 how come sir? it says any PERSON engaged in so & so business but not as any ASSESSEE

CA R SEETHARAMAN (Expert)
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06 June 2016 Refer section 2(31) definition under Income tax Act, person includes company.

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Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2016 thank you so much sir

Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2016 when a company has a turnover of rs.90 lakh and expenses of rs.1 cr, is it necessary to comply with sec 44AB?

CA R SEETHARAMAN (Expert)
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07 June 2016 As the turnover is less than 1 crore no need to comply with 44AB.

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Querist : Anonymous

Querist : Anonymous (Querist)

08 June 2016 in which AY capital gains should be paid on sale of land when the receipts are in installments or post dated cheques
?

Querist : Anonymous

Querist : Anonymous (Querist)

10 June 2016 From which AY e-filing of ITR 7 is mandatory?

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