Tax audit limit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2015
Dear Sir,
A Business Coach providing training to the management team of the companies had earned income aggregating to Rs.55 lakhs during the financial year 2014-15. Is the client liable for audit under Sec 44AB ? What is the limit for which audit is applicable in these cases?
Please clarify ?
A Business Coach providing training to the management team of the companies had earned income aggregating to Rs.55 lakhs during the financial year 2014-15. Is the client liable for audit under Sec 44AB ? What is the limit for which audit is applicable in these cases?
Please clarify ?
Nikhil Kaushik
(Expert)
05 July 2015
yes. he should be...he will be covered as a professional. the limit is RS 25 lakhs
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