Consignment agent
This query is : Resolved
06 October 2014
if a person is a consignment agent and total income from that is rs. 14L and that person has also sold goods other than as consignment agent worth rs.380000 and net profit from both is approx 565000 .then what will be the turnover that will be considered for audit purpose either individually or combined and whether his accounts are auditable or not?
Nikhil Kaushik
(Expert)
07 October 2014
no need for audit. but profits are to be clubbed and offered to tax in ITR-4
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