banner_ad

Applicability of tax audit

This query is : Resolved 

19 August 2013 respected sir,
my clients is sub broker and he received commission of 14 lakh so is he liable to tax audit in AY 2013-14?
and is he liable to audit in any other law?

19 August 2013 under income tax act for brokerage the gross receipts should exceeds Rs.25 lakhs u/s 44AB so he is not liable to tax audit.

19 August 2013 He is not required to get Tax Audit Report.
.
If the sub-Broker is an Individual/HUF/Firm, he is .generally, not covered under audit under any other law.
.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details