Dear All,
We are rendering services of Technical and Analytical services. Total income during the FY 2012-13 is Rs. 95 lakhs. Whether we need to consider the total inome as business or profession U/s 44AB to decide whether tax audit is applicable or not.
Regards
Hemakumar
You are into profession. You are liable to get your books of account tax audited under section 44AB. The cut off limit is 25 Lakhs. You must be having service tax registration number but not VAT. Right ?
Thanks,
Agreed with dipjyoti..u'll limit shall be 25 lacs..
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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