Tax audit applicable to salaried person
This query is : Resolved
03 November 2014
Sir,
Please tell me Tax audit provisions of Sec 44AB are appicable to Salaried Person as well.
Please tell me Tax audit provisions of Sec 44AB are appicable to Salaried Person as well.
Ganeshbabu K
(Expert)
03 November 2014
tax audit 44AB not applicable of individual is having only salary income.
.
.
however if individual getting salary and also have business/professional income more than 1 crore/25 lakhs tax audit 44AB will be applicable
.
.
however if individual getting salary and also have business/professional income more than 1 crore/25 lakhs tax audit 44AB will be applicable
04 November 2014
Thank you sir,
What if assessee has salary income more than 1 cr. and income from business 10 lac.
Can you please provide me the some text relating to this from Act.
What if assessee has salary income more than 1 cr. and income from business 10 lac.
Can you please provide me the some text relating to this from Act.
Ganeshbabu K
(Expert)
04 November 2014
no tax audit applicable if he shown atleast 8% profit in turnover of business
.
.
no tax audit on salary income
.
.
no tax audit on salary income
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
