Professional Income mingle with Business Income

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..... Professional Income mingle with Business Income
Query (Issue) Started By: - RUTHRAPPAN RAJA Dated:- 27-8-2014 Last Reply Date:- 29-12-2014 Income Tax
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Income Tax
One of my clie .....

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..... nt 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. Profeesional Income TD .....

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..... S 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 not. Pls guide me .....

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..... 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 professional income the limit is & .....

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..... #8377; 25 lakhs. In your case in my opinion Section 44AB will not apply.
Discussion Forum - Knowledge Sharing .....

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