Section 44ab of income tax act 1961

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Whether Technical Services covered under the defination of profession for getting the audit of

acconts U/s 44ab of Income Tax Act 1961

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Originally posted by : Azad Jain
Whether Technical Services covered under the defination of profession for getting the audit of acconts U/s 44ab of Income Tax Act 1961

The following have been listed out as professions in section 44AA and notified thereunder (Notifications No. SO-17(E) dated 12.1.77, No. SO 2675 dated 25.9.1992 and No. SO 385(E), dated 4.5.2001):
.
(i) Accountancy

(ii) Architectural

(iii) Authorised Representative

(iv) Company Secretary

(v) Engineering

(vi) Film Artists/Actors, Cameraman, Director, Singer, Story-writer, etc.

(vii) Interior Decoration

(viii) Legal

(ix) Medical

(x) Technical Consultancy

(xi) Information Technology
.
Refer Para 4.3 of Guidance Note on Tax Audit, issued by ICAI

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