Tax audit
This query is : Resolved
CA. Jyoti Baid
(Querist)
21 August 2009
Hello
Can a company be considered to carry on "Profession" of insurance broking under section 44AB of the I.T.Act or it should be taken as business of insurance broking.
Whether in general ,a company be considered to carry on a "Profession"?
Thanks & Regards,
Jyoti Baid
Can a company be considered to carry on "Profession" of insurance broking under section 44AB of the I.T.Act or it should be taken as business of insurance broking.
Whether in general ,a company be considered to carry on a "Profession"?
Thanks & Regards,
Jyoti Baid
21 August 2009
In genral it is not the case. In your case chnaces are that it is business of insurance broking
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