Tax audit
This query is : Resolved
mudit gupta
(Querist)
13 July 2012
dear all,
i ve a query.....
income received from providing crane on hire is Rs 38,00,000/- for f/y 11-12.
whether proprietor is required for tax audit u/s 44AB.
i ve a query.....
income received from providing crane on hire is Rs 38,00,000/- for f/y 11-12.
whether proprietor is required for tax audit u/s 44AB.
CA PARAS BAFNA
(Expert)
15 July 2012
No. He can show income @ 8% of 38.00 lacs.
Message likes :
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mudit gupta
(Querist)
17 July 2012
sir,
can u plz tell me what is the threshold limit of tax audit u/s 44AB for this case..
is it 60,00,000/- or 15,00,000/-?
thank u
can u plz tell me what is the threshold limit of tax audit u/s 44AB for this case..
is it 60,00,000/- or 15,00,000/-?
thank u
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