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.
03 November 2014
tax audit 44AB not applicable of individual is having only salary income.
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however if individual getting salary and also have business/professional income more than 1 crore/25 lakhs tax audit 44AB will be applicable
.
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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.
04 November 2014
no tax audit applicable if he shown atleast 8% profit in turnover of business
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no tax audit on salary income
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no tax audit on salary income
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