Tax audit u/s.44ab
This query is : Resolved
12 January 2012
Dear Friends,
Assessee had received a COMMISSION alongwith INCENTIVE of his service for Rs.62.75 lakhs for the AY 2011-12.
Is this accounts AUDITED u/s. 44AB or not?
Especially my doubt on 'INCENTIVES".
Awaiting the response immediately.
Assessee had received a COMMISSION alongwith INCENTIVE of his service for Rs.62.75 lakhs for the AY 2011-12.
Is this accounts AUDITED u/s. 44AB or not?
Especially my doubt on 'INCENTIVES".
Awaiting the response immediately.
12 January 2012
Yes incentives treated as part of Commission.....Tax audit u/s 44AB mandatory in this case because reciept exceed Rs. 60 Lac
13 January 2012
As per sec 44 AB if an assessee carrying on business and his total sale/turnover/receipt exceeds 60lack in p.y than he has to get his accounts audited.
13 January 2012
As per sec 44 AB if an assessee carrying on business and his total sale/turnover/receipt exceeds 60lack in p.y than he has to get his accounts audited.
13 January 2012
The assesse has to get the accounts audited u/s 44AB
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Taxable or Tax exempt
- NRI starting business in India
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- TDS Deducted AY-2013-14 Not Reflected in 26as
- ADVANCE PAYMENT OF ADVOCATE
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- DIN reactivation
- TDS Return Q1 FY 2026-27
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- 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
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
