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.
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