TAX AUDIT
This query is : Open
07 July 2009
Tax Audit For Placement agency & Advertising agency whether limit is 10 lakhs or 40 lakhs u/s 44AB
Ratan Sharma
(Expert)
07 July 2009
Hi,
As it is not a specified profession therefore the limit of Rs. 40 lacs will apply for 44AB.
As it is not a specified profession therefore the limit of Rs. 40 lacs will apply for 44AB.
07 July 2009
40 lakhs
08 July 2009
Respected Sir,
Please can u send me any case laws or any evidence supporting your view ie 40 lakh limit apply to Advertising & Placement agency.
Please can u send me any case laws or any evidence supporting your view ie 40 lakh limit apply to Advertising & Placement agency.
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