Commision or sales, which will be considered as calculating the limit of section 44ab, for a money exchanger?
This query is : Resolved
23 November 2014
To consider the limit of applicability of section 44AB for a money exchanger, is sales are relevant or commission received?Please help.
Amol S Joglekar
(Expert)
23 November 2014
for a money changer, commision received itself is its sales.
CA Kumar Mukesh
(Expert)
22 December 2014
Only Commission will be relevant for the purpose of Tax Audit threshold limt
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