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Tax audit of a club

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 August 2012 Income of a club is exempt on the principles of mutuality. Various case laws are available.
However I would like to know whether tax audit will be applicable on clubs or not.

Section 44AB states that any person carrying out business or profession if his tournover/receipts exceeds the specified limit will be liable to get the tax audit done.

Please guide on the applicabilty of tax audit on clubs.

Amol S Joglekar

Amol S Joglekar (Expert)
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09 August 2012 Assessee is a person from whom tax is due. If your club is not assessee, 44AB does not come into play. (

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