Tax audit u/s 44ab

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 April 2015 Dear expert
if assessee is traders as well as the service provider also and FY 2014-15 the sale portion was 2145879 and service portion is 3645846/- as service portion is above the 25 lacs. please let me know whether Tax audit is to be conduct or not...

plz clarify...

Sandeep Dharar

Sandeep Dharar (Expert)
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22 April 2015 Tax Audit is applicable on T/o above Rs. 100L.In ur case by clubbing all the sources of income it dosen't crosses the specified limit, hence 44AB is not applicable 4 u.

Querist : Anonymous

Querist : Anonymous (Querist)

22 April 2015 But sir
service portion is excess 25 lacs. even in that case no tax audit is to be conduct..

Sandeep Dharar

Sandeep Dharar (Expert)
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22 April 2015 Yup dear, its total t/o.

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