The person engage in online Air Ticket Booking. Accepting deposit from customer for booking and book ticket for the same, for this he got around 2-3 % commission on Ticket value.My Queries are as under
1.The Gross receipts deposited in bank is more than 1 Cr because the customer deposited money for Ticket booking. is liable for Tax audit?.
2.His income is only commission
3. whatever amount deposited in bank the same amount use for ticket booking. If Any issues due to Gross receipt more than 1 cr. because bank showing the same in AIR details to income tax.
Hi, I observe a differnce in Bank balance(FDR A/c)in Balance Sheet & Bank FDR Statement in F.Y.2013-14 & refund has already received.
My question is how can I correct/rectify the mistake.
Please suggest.
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Hello!!
I have doubt for subject matter,
1) can non-corporate who are not liable for audit under any income tax section like 44AB/AD/AE etc.. want to go for voluntary audit for any reason like self satisfaction to give to any institute etc..
Then how to give audit report, as there is no audit under income tax so 3CB or 3CD forms are not applicable so in which form or format it is to be given??
what types of income comes under the other sources
If Net Profit is Less 8% out of Total Turnover is More Than 80 Lacs, but not exceeding of Rs.1 Crore.
Nature of Business "Printing of Books"
Kindly Guide.
Online GST Course - Master the Fundamentals of GST with Practical Insights
Eligibile for audit ot not?