One of my friend is doing amway business and earned a commission of of Rs 500000/- during 2011-12 His other income from Rent rs. 450000/- Bank, interest rs 75000/- His amway business incured a loss of rs 175000/- since his turnover and receipts from business are below the tax audit limit is his account is required to be tax audited as per new section 44 B
Mr Kumar, can you check the section reference of 44B given is correct?
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
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MANUJ SHARMA AND COMPANY
Noida
CA Inter
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Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
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Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
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CCI
Pro
CAclubindia
