tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 March 2011
Assessees business is moneylending. Annual Gross Discount is Rs. 35,00,000/- F.Y. 2010-11. Is liable for Tax Audit u/s 44AB of the Income-tax Act.
Please resolve my problem.
Please resolve my problem.
sudhakar ca cwa
(Expert)
17 March 2011
For money lending business i think interest is the revenue. based on that Tax audit will applicable
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