applicability of section 44AB of income tax act

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  1. ca sunil mishra

    ca sunil mishra New Member

    my one of the client ,namely a society registered under charity , undertakes conferences for professional has gross receipts from sponsorship fees , donation etc in excess of Rs. 1 crore , whether section 44 AB will be applicable to them
     
  2. ZED

    ZED Well-Known Member

    I believe it will be covered because the gross turnover has exceeded the limit of 1 crore and the sponsorship fees , donations etc are directly related to undertaking conferences which appears to be the business activity of the entity.
     
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