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Tax audit applicability

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CA Vanamala Phani Kumar (Proprietor of M/s Vanamala and Co)   (972 Points)
Replied 11 December 2013

Originally posted by : Amit khandelwal
U need to analys ur question whether it purely falls under profession or business and decide accordingly

+1

 



CA Dhruva Kalamanji (Chartered Accountant ) (1996 Points)
Replied 15 December 2013

according to me its depends upon the memorandum and article if the company is formed to provide surivce only then it will be considered as proffesditon only and hence the tax audit is applivable.

and if the comapny business includes this as one among other then no need of tax audit

 



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