Tax audit u/s 44ab
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 August 2013
Dear All,
We are carrying on business of providing house-keeping services as well as repair and maintenance services.My gross receipt for FY 2012-13 is approx. Rs. 91 Lacs. Now my question is, do we fall under business category having exemption limit of Rs. 1 crore or do we fall under professional service having exemption limit of Rs. 25 lacs?
We are carrying on business of providing house-keeping services as well as repair and maintenance services.My gross receipt for FY 2012-13 is approx. Rs. 91 Lacs. Now my question is, do we fall under business category having exemption limit of Rs. 1 crore or do we fall under professional service having exemption limit of Rs. 25 lacs?
02 August 2013
if you are providing pure services then limit of 25 lacs is applicable and if you providing goods or suppyling them which is not merely service then limit of 1 crore is applicable as per sec 44AB for tax audit limit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- NRI starting business in India
- ADVANCE PAYMENT OF ADVOCATE
- ITDS U/S.194T of Firm
- Eway bill not cancelled within 24 hous what can be due
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Invertaded duty struture
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
