Tax audit
This query is : Resolved
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
Rent received from renting House Property:30 Lacs
Short Term Capital Gain : 20 lacs
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 !!!
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 !!!
12 July 2010
Thanks
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