44AB applicability ?
Jacky Arora (18 Points)
18 February 2019
partner recieving interest , salary & profits which is 2 crore in a year . so can his books be audited u/s 44AB ?
3 Replies
SHIVANI KUDTARKAR
(512 Points)
Replied 19 February 2019
yes...as whatever received from partnership firm has to be shown under the head income from business
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