Is tax audit is applicable or not
This query is : Resolved
deepak sharma
(Querist)
01 September 2018
Dear Sir,
My client business is recharge of Videocon & Dish tv etc. and also serivce center operate then he will get Commission on Sales of 5%. and his turnover hiked 2.5 Cr. then my question, Client is liable to tax audit or not.?
Kindly explain in details.
My client business is recharge of Videocon & Dish tv etc. and also serivce center operate then he will get Commission on Sales of 5%. and his turnover hiked 2.5 Cr. then my question, Client is liable to tax audit or not.?
Kindly explain in details.
CA R SEETHARAMAN
(Expert)
01 September 2018
He is liable for tax audit only when his 5% commission and service charge exceed one crore.
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