banner_ad

Tax audit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
12 July 2010 If a individual has the income give below in the Assessment year 2010-11, he is liable to get his Accounts Audited under section 44AB of the Income Act.

Rent received from renting House Property:30 Lacs

Short Term Capital Gain : 20 lacs
Profile Image

Ca Aashish Upadhyay

Profile Image

Ca Aashish Upadhyay (Expert)
12 July 2010 Dear Sunil

Income from House Property and Capital Gain Income is not considered for Tax Audit purposes. As the Turnover from Business is the deciding factor which is 40 lacs under section 44AB.

So be free from the FEES of CA !!!
Profile Image

Sunil Kr. Sanganeria

Profile Image

Sunil Kr. Sanganeria (Querist)
12 July 2010 Thanks
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details