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Tax audit

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(Querist)
19 June 2009 If the monthly salary of Director in a Pvt. Ltd. Co. is 3 lac per month then should he comes under tax audit u/s 44AB?
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
19 June 2009 no.only businessman whose gross sales are above rs.40 lacs & profession whose gross receipt are above rs.10 lacs are liable to tax audit
in your case you are salary person tax audit is not applicable
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Ratan Sharma

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Ratan Sharma (Expert)
19 June 2009 Agreed
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