Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Section 44AB: Clarifying the Applicability of Audit in Specific Cases

Tags: audit account

Section 44AB of the Income Tax Act in India is related to the mandatory Audit of accounts for certain businesses. According to this section, every person carrying on business is required to get their accounts audited by a chartered accountant if their income exceeds the maximum amount which is not chargeable to income-tax in any previous year, and the provisions of sub-section (4) of section 44AD



This post first appeared on SIMPLE TAX INDIA, please read the originial post: here

Share the post

Section 44AB: Clarifying the Applicability of Audit in Specific Cases

×

Subscribe to Simple Tax India

Get updates delivered right to your inbox!

Thank you for your subscription

×