Accountancy
This query is : Resolved
21 January 2011
Sir,
I am doing transport business and i am doing working on commision bases. I am received full amount in my A/C from party and after deduction of my commision we paid to vechicle owner by cash/chq.
In this case my total turnover crossed 40L so I am in tax audit critaria but my commision amount is appx 4L in this situation I am lible for tax audit or not?
and also how to maintain our book?
Thanks
I am doing transport business and i am doing working on commision bases. I am received full amount in my A/C from party and after deduction of my commision we paid to vechicle owner by cash/chq.
In this case my total turnover crossed 40L so I am in tax audit critaria but my commision amount is appx 4L in this situation I am lible for tax audit or not?
and also how to maintain our book?
Thanks
22 January 2011
Tax audit is applicable on your business.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
