banner_ad

Commission received

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
10 September 2014 DEAR SIR,

MY FRIEND HAS AGENCY OF UNINOR

THE TRANSACTION IS RS 6 CRORE ANNUALY

HE RECEIVED COMMISSION 2 %

THE AMOUNT RECEIVED OF RS.6 CRORE FIRST RECEIVED BY HIM THEN AFTER TRANSFER IN UNINOR COMPANY ACCOUNT

HE LIABLE FOR TAX AUDIT ?
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
10 September 2014 no since his professional income do not exceeds rs 25 lakhs
Profile Image

CA VISHWAKEERTHI.P.S.

Profile Image

CA VISHWAKEERTHI.P.S. (Expert)
10 September 2014 No Tax audit .

Assessee had the Gross receipt of Rs. 12,00,000 (i.e., 6 Crs X 2%) .

Which not liable for tax audit u/s 44 AB as well as 44AD (because 44 AD (vi)(ii) exclude the agency activity)



Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 September 2014 THANKS FOR REPLYING SIR
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
18 September 2014 you are welcome.....................
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 30 April 2026
Article Assistant

J SINGH & ASSOCIATES

Ahmedabad

CA Inter

View Details
Company
04 May 2026
Articleship

S.K Gairola & CO

New Delhi

B.Com

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
04 May 2026
Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details