Tax audit u/s 44ab
This query is : Resolved
SANJAY KUMAR AGARWAL
(Querist)
23 August 2012
A DIAGNOSTIC CENTRE (X-RAY,BLOOD TEST ETC) IS RUN BY A HUF UNDER ITS PROPRIETORSHP HAVING GROSS RECEIPT FOR THE F.Y 2011-12 AS RS. 20.00 LACS . IS IT UNDER THE MANDETORY AUDIT U/S 44AB OR NOT? WILL IT BE CONSIDERED AS PROFESSIONAL RECEIPT OR BUSINESS INCOME?
CA VISHNU GAVKARE
(Expert)
24 August 2012
Professional Receipt hence Liable for Tax Audit
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