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C.A. M.Com. Suhas A. Nagpure (CA)     24 August 2009

Section 44AB - Is it necessary to do Tax Audit?

I am engaged in wholesale business and also have a commission agency. My turnover from wholesale business this year is Rs.38 lakh while my commission income is Rs.5 lakh. Do I have to get my accounts audited since the total is exceeding Rs.40 lakh?

 1 Replies

CA.Tarun Maheshwari

CA.Tarun Maheshwari (CA, DISA)     24 August 2009

If your both the business are in proprietorship, then you will have to get your accounts audited.

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