Whether tax audit applicable or not ?
This query is : Resolved
CA Abhishek Singh
(Querist)
23 October 2014
Gross receipts : 2700000
Nature of business/profession :
Production of ad films/short films. Client is producing ad films/short films on behalf of company.Company is deducting tds@1% u/s. 194C.
My view is that assessee is liable for tax audit u/s. 44AB.
Kindly let me know whether tax audit is applicable or not for AY 14-15 ?
Nature of business/profession :
Production of ad films/short films. Client is producing ad films/short films on behalf of company.Company is deducting tds@1% u/s. 194C.
My view is that assessee is liable for tax audit u/s. 44AB.
Kindly let me know whether tax audit is applicable or not for AY 14-15 ?
Nikhil Kaushik
(Expert)
23 October 2014
tax audit will apply. the assessee will be covered as a professional under section 44AA(1)
Message likes :
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Nikhil Kaushik
(Expert)
23 October 2014
tax audit will apply. the assessee will be covered as a professional under section 44AA(1)
Message likes :
1 times
16 December 2014
the ans is yes........................
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