TAX AUDIT
This query is : Resolved
23 June 2010
ASEESEE IS ENGAGED IN REPAIRS AND MAINTANANCE OF MACHINARY. IS IT BUSINESS OR PROFESSION? HIS GROSS RCEIPT IS 12 LAKHS. IS HE LIABLE FOR TAX AUDIT U/S 44AB OF INCOME TAX ACT 1961.
23 June 2010
No. FOR BUSINESS LIMIT IS 40 LACS.
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