An assessee who gets salary more than 40 lakhs. Is he liable to get audit? And what about if his salary income is 38 lakhs and income from other sources is Rs.5 lakhs?
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Salary income more than 40 Lakhs, should I go for Audit?
Replies (8)
nahin saab tab bhi nahin saab
no man no tax audit required to any salaried person
dear sec 44 AA and 44AB are only for income from business
NO NEED OF TAX AUDIT IN BOTH THE CASES, TAX AUDIT IS REQUIRED WHEN SALE/GROSS RECEIPTS OF A BUSSINESS IS MORE THAN RS. 40 LACS OR FROM PROFESSION MORETHAN RS. 10 LACS.
dear sir ,
right ans. given by all member .
boss plz tell me r u a CA student or anybody else
I AM A BANK EMPLOYEE. MY TURNOVER FROM SHARE TRADING IS MORE THAN 60 LACS.
SHOULD I GO FOR AUDIT.
NOT REQUIRED FOR SALARIED PERSON IF HE DOES NOT CARRY ANY BUSINESS WHATEVER HIS INCOME FORM SALARY & OTHER SOURCES...
FOR SHARE TRADING AUDIT IS REQUIRED FORM MORE THEN 40 LACS THIS A.Y...
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