Professional or Business Income under Tax Audit
This query is : Resolved
12 August 2008
Case 1 - Assessee earned income in construction of Designer floors, turnover is 15L. If Tax Audit applicable or not? Case 2 -Assessee only designs the floors and gross turnover is Rs.15L. If tax audit is applicable or not? In both the cases assessee is not having any professional qualification but his employees are.
S.Srinivasaraghavan
(Expert)
13 August 2008
Case 1- Tax audit not applicable
Case 2- Tax audit applicable.
Case 2- Tax audit applicable.
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