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
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- Dep. as per companies act
- Minimum tax payable to file Updated return
- Applicability of GST on Salary Reimbursement Component
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- CHECK RELATED
- SALARY CAN BE CAPITALIZE
- Tax rate change regarding
- FAST-DS Scheme - Foreign Assets
- GST Intimation due to Government took possession of Business Premises under PPE Act
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
Quick Links
ARTICLESHIP
16 September 2026
Article Assistant
MANUJ SHARMA AND COMPANY
Noida
CA Inter
View Details
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
