Section 44AB
This query is : Resolved
Harishankar Thakur
(Querist)
31 December 2010
Sachin Sir, Thanks for Quick Reply...
But my question is that person acting as recovery agent is either construed as "person carrying on business" or "person carrying on profession"????
in other words what is the definition of word "profession" used for the purpose of Section 44AB?
Thanks and Regard
Chandan
But my question is that person acting as recovery agent is either construed as "person carrying on business" or "person carrying on profession"????
in other words what is the definition of word "profession" used for the purpose of Section 44AB?
Thanks and Regard
Chandan
31 December 2010
No sorry i am taking my answer back.
I am treating them as commssion agent. And as per circular commision agent are not liable for TAX audit.
So i am interpreting that this recovery agent are not liable for Tax Audit.
But i am keeping this open for other experts also
I am treating them as commssion agent. And as per circular commision agent are not liable for TAX audit.
So i am interpreting that this recovery agent are not liable for Tax Audit.
But i am keeping this open for other experts also
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