Eligibility for income tax audit
This query is : Resolved
CA Lucky Sharma
(Querist)
13 August 2013
One of my clients is a Real Estate Broker. His receipts for the FY 2012-13 is around Rs. 25 Lacs. Is he eligible for Income Tax Audit applicability for profession or Business ??
Waiting for quick assistance ......
Waiting for quick assistance ......
13 August 2013
if he is a broker and providing this services then if the gross receipts from this profession exceeds rs 25 lacs then only tax audit is applicable.
if it is exact 25 lacs then no tax audit is applicable.
if it is exact 25 lacs then no tax audit is applicable.
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