Is Tax audit necessary for telecom service distributore FY - 2020-21
This query is : Resolved
auditor perumal
(Querist)
07 September 2021
i am having a agency and doing telecome related services like recharge in which the turnover amounts to 1,40,00,000 approx but cannot pay 8% if filed u/s 44AD for the turnover and so is tax audit necessary in this case to show a less profit or what are the other possibilities available for me.
please give reference for the basis of your answer thanks.
please give reference for the basis of your answer thanks.
CA R SEETHARAMAN
(Expert)
07 September 2021
In case of agency business the commission you received is the turnover.
Tax audit not applicable in your case as the commission received will be less than 1 crore.
Tax audit not applicable in your case as the commission received will be less than 1 crore.
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