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?
WHETHER PROPERTY BROKERAGE INCOME IS INCOME FROM PROFESSION OR BUSINESS ?
plz help me
WHETHER PROPERTY BROKERAGE INCOME IS INCOME FROM PROFESSION OR BUSINESS ?
plz help me
06 September 2009
Property brokerage income is income from business and cannot be categorised as profession.
06 September 2009
Tax audit is not require.
06 September 2009
NOt liable for audit.
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