Section 44ab...
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 June 2012
The following professions have been listed out as professions in section 44AA and notified thereunder (Notifications No. SO-17(E) dated 12.1.77 and No.SO 2675 dated 25.9.1992):
Accountancy
Architectural
Authorised Representative
Company Secretary
Engineering
Film Artists/Actors, Cameraman, Director, Singer, Story-writer,etc.
Interior Decoration
Legal
Medical
Technical Consultancy
1. Do only the above professions and not all the professions need to get their accounts audited if their incomes go above 15 Lakhs.
2.Does a TV Artist also need to get his accounts audited or will he not come under the definition of a Film actor.
Accountancy
Architectural
Authorised Representative
Company Secretary
Engineering
Film Artists/Actors, Cameraman, Director, Singer, Story-writer,etc.
Interior Decoration
Legal
Medical
Technical Consultancy
1. Do only the above professions and not all the professions need to get their accounts audited if their incomes go above 15 Lakhs.
2.Does a TV Artist also need to get his accounts audited or will he not come under the definition of a Film actor.
05 June 2012
Please add the following also-
Notification NO SO 385(E) dated 4-5-2001
Profession of Information Technology
.
Certain professions have been notified U/s 194J, but the same were not notified U/s 44AA.
.
As the notifications are being separately issued on time to time , to expand professionals list, it can be said that , only the notified professionals U/s 44AA are required to get their accounts when gross receipts exceeds 15.00 lacs.
.
In case of other professionals limit of Rs 60.00 lac will prevail.
.
Notification NO SO 385(E) dated 4-5-2001
Profession of Information Technology
.
Certain professions have been notified U/s 194J, but the same were not notified U/s 44AA.
.
As the notifications are being separately issued on time to time , to expand professionals list, it can be said that , only the notified professionals U/s 44AA are required to get their accounts when gross receipts exceeds 15.00 lacs.
.
In case of other professionals limit of Rs 60.00 lac will prevail.
.
05 June 2012
TV artist can be considered in the category of Film Artist.
.
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
