Whether tax audit applicable for flat owners association

Flat owners association  - whether liable for tax audit u/s 44 AB if the gross receipts from service charges received from members exceed 100 lakhs
Asked 2 years ago in Income Tax from CHENNAI, Tamil Nadu
Yes tax audit is applicable if the gross receipts will exceed Rs 100 lakhs.
Vijay N. Kale
CA, Hyderabad
248 Answers
4.9 on 5.0
  Talk to Vijay N. Kale
Yes
Shyam Sunder Modani
CA, Hyderabad
1408 Answers
5.0 on 5.0
  Talk to Shyam Sunder Modani

Ask a Question

Get tax advice from top-rated chartered accountants. It's quick, easy, and anonymous!
Ask a question

Other Questions

Chartered Accountants

Lakshita Bhandari
CA, Mumbai
1244 Answers
5.0 on 5.0
Vivek Kumar Arora
CA, Delhi
515 Answers
5.0 on 5.0
Abhishek Dugar
CA, Mumbai
2648 Answers
5.0 on 5.0
Nikhil Khanna
CA, Mumbai
403 Answers
5.0 on 5.0
Sunny Thakral
CA, Delhi
224 Answers
5.0 on 5.0
Rohit R Sharma
CA, Mumbai
2055 Answers
5.0 on 5.0
Damini Agarwal
CA, Bengaluru
94 Answers
5.0 on 5.0
Brijendra Tripathi
CA, Gurgaon
83 Answers
5.0 on 5.0
Keerthiga Padmanabhan
CA, Greater Mumbai
784 Answers
5.0 on 5.0
B Vijaya Kumar
CA, Hyderabad
833 Answers
5.0 on 5.0