Mr A Doing Share Trading Business,
For Ass yr 2009-10 He Had Turnover of Rs 6 Crore, (i.e 40lakhs & Above)
Please Clarify me WHETHER HE IS LIABLE FOR TAX AUDIT U/S 44AB OR NOT???
He is Purely Doing Share TRADING BUSINESS..
THANKS IN ADVANCE
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TAX AUDIT U/S 44AB
Replies (1)
Section 44AAB uses the word "gross receipts" and hence Mr. A having gross income from a share trading business of about Rs. 6 Crore is liable for tax Audit.
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