Tax audit - software developer

Others 1015 views 1 replies

A person is Carrying of Software & Hardware Development and exporting the same out of India and having Turn over 

of Rs.35 lakhs.

My Question is that  software development can be cosidered as business or profession?

Whether the same is required to get his Accounts Audited u/s 44AB.?

 

 

 

Replies (1)
Software development shall be considered as an profession & accordingly Tax Audit will be applicable as the receipts have crossed the 15lacs limit.


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