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Tax audit applicability
I am a proprietor of packaging business. My turnover for FY 18-19 was 98 lacs. I also teach at a coaching institute and annual income from teaching is 6 lacs on which coaching institute deducts TDS u/s 194J. Whether income tax audit of 44AB is applicable to me..? Is 1 cr limit of tax audit is taken as combined income of business & profession or separately?
Replies (4)
No tax audit applicability
@ Swapnil Pradhan.,
No... Tax audit not applicable in Your case...
No... Tax audit not applicable in Your case...
Tax audit not applicable for your case.
Thanks all. Many thanks 👍
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