Good morning,
I am attending one Doctor file below I mentioned his gross income which I gave in detail pls go through with dat nd let me know whether he vl come for tax audit r not
salary from the institution 8,28,636
income from partnership firm 15,59,437
Scanning collection 13,22,550
Rent received. 6,27,282
Menu
44AB
Replies (4)
Not applicable.
= 'The requirement of compulsory audit is only in respect of the business carried on by the person and not in respect of his income from other sources.' Ghai Construction v. State of Maharashtra [2009] 184 Taxman 52 (Bom.)
= Scanning collection 13,22,550 is taken as Business Turn Over.
= Even though you may club Business income from Partnership Firm for calculating total turn over for applicability of sec. 44AB, it does not cross 1 Cr.
how come 1 cr he us not running any trading buz he is a professional person fir him 25 lakh
Please check Guidance note issued by ICAI, scanning collection will be under Nursing home i.e. under Business, and not profession. Only professional vocation in this case falls under SALARY.
Just for check: whether TDS deducted is u/s. 192 or 194J?
hmm Thank u
Recent Topic
- TDS related matter - 194 IA
- Research: How do CA firms handle GSTR-2B reconcili
- CA FINAL FR IndAS 33 Illustrtion 14
- Taxation on Sale of old Jewellery Received at Marr
- ITR-3 Filling issues
- PF withdrawal and tax liability
- Sale of Goods or Services?
- ITR form query
- Credit against paud RCM on rent
- Dividend difference in 26AS, AIS, TIS
Related Topics
CAclubindia
