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Tax audit

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(Querist)
01 February 2015 sir, I receive commission on recharge of mobile balances @2% from xyz co and yearly recharges are around 25 cr.so Am I liable for tax audit and under business or service if yes...
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
01 February 2015 Commission Income is around 50 lacs. This is a business and turnover limit for the purpose of tax audit is Rs. 1 Crore.

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