tax audit
This query is : Resolved
06 September 2009
If brokerage income on property is Rs.900000/- & tuition income from teaching is Rs. 200000/- of an individual. Whether Tax Audit u/s. 44AB will be applicable to him?
plz help me
plz help me
06 September 2009
No tax audit will not come. since business income is 9 Lakhs which is less than 40 lakhs and teaching income is 2 lakhs which is less than 10lakhs.
06 September 2009
DEAR SIR,
THANKS FOR UR REPLY.
BUT SIR I M IN CONFUSION THAT WHETHER BROKERAGE INCOME ON SALE OF PROPERTY IS PROFESSION OR BUSINESS INCOME.
THANKS FOR UR REPLY.
BUT SIR I M IN CONFUSION THAT WHETHER BROKERAGE INCOME ON SALE OF PROPERTY IS PROFESSION OR BUSINESS INCOME.
06 September 2009
It is business income.
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
- Tax on Deemed Capital Gain
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Exiting partner in partnership firm in gst portal
- Residential status of non resident
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Taxability of credit in canara bank ET & T section (NRO)
- TDS offline utility
- Due Date Clarity
- Rent claimed on building given on permissive possession basis
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
