Professional Income mingle with Business Income

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... One of my client is a Doctor doing his professional and professional receipt are ₹ 9. lac and also doing another business of ePublishing work (contract) and receipts are ₹ 22 lac. Profeesi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... onal Income TDS deducted u/s. 194-J and Contract business TDS deducted u/s. 194-C . In the epublishing work covered in Service Tax. My issue in the above situation, assessee come under Sec.44AB or .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... not. Pls guide me - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Dear Sir, Tax audit under Section 44AB is applicable for business if the business income exceeds Re.1 crore and for the profe .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ssional income the limit is ₹ 25 lakhs. In your case in my opinion Section 44AB will not apply. - Professional Income mingle with Business Income - Query Started By: - RUTHRAPPAN RAJA Dated .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... :- 27-8-2014 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxma .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X