Tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 September 2013
The gross income of an individual carrying on profession during FY 2011-12 is Rs.80,00,000 and that during FY 2012-13 is Rs.10,00,000.
Is the individual subject to tax audit even in FY 2012-13?
Is the individual subject to tax audit even in FY 2012-13?
04 September 2013
No. Not subject to Tax Audit in FY 2012-13. Tax Audit limit to be considered in each Financial Year.
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 September 2013
Thank You Sir. But can you please tell me where it is mentioned in the act.
04 September 2013
Please refer Section 44AB.
Message likes :
1 times
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
- Credit rating model
- 115-BAC-for AOP-private discretionary trust
- IN PAGHDI SYSTERM . RENT RECPT CHANGE OF NAME AFTER FAMILY PARENTS TO SON
- Insurance make against any item and later get insurance claim received
- GST APPEAL ITC
- Youtube income
- ITR-U for AY21-22
- Requirement of Form 15CA CB - Rent payment
- Surcharge on discretionary AOP/TRUST for AY 25-26
- Multiple warehouse
- Common service
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- APPLICABILITY OF RCM ON MAN POWER SUPPLY BY UN REGISTERED PERSON TO REGISTERED PERSON.
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
