Whether to do tax audit or not
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 October 2014
An asseesse his residential status is in india but his income his generated in USD and it is fully credited in US a/c.After conversion of income from USD to indian INR it amounts to Rs.5.50 lakhs.An Assessee has filed a return in US so whether he can get credit of tax paid in US and whether it is neccessary to do tax audit
17 October 2014
you may file ITR2/ITR4 depending upon the nature of income. audit will be applicable only where conditions under section 44AB are satisfied.
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