RE: [aurangabad_ca] Turnover u/s. 44AB : Doctor having income from Partnership

Saturday, March 6, 2010 6:24 AM By Livemail

 

In my opinion he is liable in the sence that, the words used as Turnover of Gross Receipts
Income from Partnership Firm is treated as Business Income so 44AB  Audit will be attacted.

 prakash a. doshi


To: aurangabad_ca@yahoogroups.com
From: kanconsult@gmail.com
Date: Sat, 6 Mar 2010 15:14:51 +0530
Subject: Re: [aurangabad_ca] Turnover u/s. 44AB : Doctor having income from Partnership

 
NO QUESTION OF HIS ACCOUNTS GETTING AUDITED IF PERSONAL RECIEPTS BELOW 1000000/-

On Fri, Mar 5, 2010 at 10:04 AM, dharam patel <dharampaca@yahoo.com> wrote:
 


Dear Friends,
 
F.Y. 2009-10
 
Doctor having personal hospital gross receipts  9,00,000
 
Income from partnerhip from hospital : Remuneration : 50,000
                                                     : Int. on capital : 70,000
 
 
Whether liable to get his accounts audited ?


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