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Tax Audit in case of event management co

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16 July 2008 in case of a asseessee who is a event management company (status) proprietory concern whether tax audit limit should be 40 lakhs turnover or 10 lakhs (receipts)
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
16 July 2008 In my opinion, the event management may not be classified as a profession. Hence, the assessee with gross receipt of Rs. 40 lacs or more will be required to get his accounts audited U/s 44AB.
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