Audit
This query is : Resolved
12 July 2014
hi sir
my client received commission income of Rs 3000000 during f.y 2013-14 commission income from intraday trading from india infoline wheter he is required to audit or not?? whether he is falling under professional or not??
13 July 2014
intra-day trading income is not commission income. he should fall under 44AD. If the profit is less than 8%, then audit is compulsory
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