commission on sub broker of stock exchange
This query is : Resolved
18 August 2008
hi,
sir, i want to know about i liable for audit or not, if my commission income about around 13,37,000 rs. income recived on as a sub-broker of BSE & NSE. from my income TDS is deduct.
sir, i want to know about i liable for audit or not, if my commission income about around 13,37,000 rs. income recived on as a sub-broker of BSE & NSE. from my income TDS is deduct.
19 August 2008
No, In case ur commission income would have been 40lacs or more only in that case u were liable for Tax Audit u/s 44AB of the Income Tax Act
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