tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 August 2013
If a person is doing coaching in sports e.g Tennis to children is it considered as profession or business. ( His gross receipts exceeds Rs. 25 lacs for the year 12-13 )
Kindly give your views
Kindly give your views
CMA Ramesh Krishnan
(Expert)
29 August 2013
Sports persons and coaches and Trainers are professional nature, so limit is Rs.25 lakhs for tax audit applicability for AY-2013-14
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