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Tax Audit u/s 44AB or not

This query is : Resolved 

25 July 2011 One of My client being an Individual is State Govt. Authorised Surveyor.He qualificaton is ITI (diploma). He is doing survey activities on behalf of Govt & getting Scrutiny Fees from the Customers. out of that 10% of Scrutiny Fees is remitted to Govt.Department towards Govt tax. His total Gross Receipts from Such Survey activities in form of Scrutiny Fees is Rs.Approximately Rs.20.00 Lacs during the year 2010-11(i.e.as on 32.03.2011).

Now query is whether the assesse is subject to Tax Audit u/s 44 AB of I.T. Act or Not.

25 July 2011 yes, he is liable for tax audit under Sec. 44AB, and Scrutiny fee will be treated professional income

25 July 2011 The same is not covered under the definition of Profession so no need to get tax audit if you are showing 8% of profit of your receipts.

25 July 2011 yes i completely agree with Mr.Navin Jain. he is liable to tax audit.


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