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Audit of commission agent

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(Querist)
30 September 2014 friends,if a person is providing commission agent service and having gross receipts of rs.10L ,whether he is required to get his accounts audited.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
30 September 2014 No Tax Audit not required in the given case.
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SANIA

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SANIA (Expert)
30 September 2014 Thanks , for reply sir , then what are provisions under which commission agent will be required to get his accounts audited.



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Nikhil Kaushik

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Nikhil Kaushik (Expert)
01 October 2014 commission agent will be audited under Income-tax Act only if his/her turnover exceeds Rs 1 cr

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