Tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 March 2012
A registered partnership firm engaged in beauty treatment (Mostly in skin treatment) and they selling cosmetic product also. Turnover of firm in 2011-2012 Rs. 35 lacks. (Services 31 Lack + product 4 lack). Tax audit is applicable for F.Y. 2011-2012? Providing skin treatment services is Business or profession?
CA Prashant Gupta
(Expert)
28 March 2012
This kind is service is business not profession i.e. cover u/s 44AA. hence no need to get accounts audited.
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