In case of Money Lending business

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Yatin (Querist)
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14 May 2009 In case of money lending/finance business what is the gross receipt whether Interest recived or installment paid by clients or money lent by Money lender for purpose of audit or for purpose of making Rs.40 Lacs.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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14 May 2009 Interest is the criteria to decide tax audit limit.

Yatin

Yatin (Querist)
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15 May 2009 Thanks very much, Sir

Yatin

Yatin (Querist)
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15 May 2009 Sir, whether it is given any book or other material and whether any case law on this point. if yes please tell me.

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