TAX Audit limit

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 May 2011 Dear sir

What is the turnover limit u/s 44AB for Tax Audit for Survey and Map Making service.

Thank You

13 May 2011 for business income it is Rs. 60 lakhs and for professional income it is Rs. 15 lakhs

13 May 2011 Tax Audit for Survey and Map Making service is professional service Rs.15 lakhs turnover limit u/s 44AB .

13 May 2011 Tax Audit for Survey and Map Making service is proffessional service Rs.15 lakhs turnover limit u/s 44AB .

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 May 2011
1. What is the definition of Profession for the purpose of section 44AB of the Income Tax Act ?

2. What if technically unqualified persons forms a partnership firm to render Survey and Map Making services and Gross receipt exceeds Rs 15 lakhs ? Does the books of accounts need to be compulsoryly audited u/s 44AB ?

3. What if doctors forms a partnership firm to run a hospital and gross receipts exceeds Rs 15 lakhs ? Does the books of accounts need to be compulsoryly audited u/s 44AB ?

16 May 2011 paetner ship firm exmp audit firm is a professional service.

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 May 2011 " paetner ship firm exmp audit firm is a professional service. " - what do you mean by that ? Please explain ?

16 May 2011 who will job the profession not related to trading business i.e. auditors, profession on an accountant, paintors,


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