Dear Members

One of my client is providing services to the private banker. Client providing the services of either collecting fund or catching vehicles on behalf of bank. In such case client gets commissio.

My query is that whether tax audit is applicable in case assessee's gross receipt is more than 10 lacs.

RESPECTED MEMBERS,

THE EXPENDITURE INCURRED FOR TRAVELLING OUTSIDE INDIA WITH ANOTHER EXPENDITURE INCURRED LIKE HOTEL, BOARDING AND LODGING, FOOD EXPENSES SHOULD BE BIFURCATED ON "SEPARATE HEADINGS" OR JUST BOOK EXPENSES IN "FOREIGN TRAVELLING" FOR CALCULATION OF FBT.

PLEASE REPLY AS SOON POSSIBLE.

REGARDS,

PRABHAKAR

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