RE:Audit Qurey
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 February 2010
Dear All,
I earn income from Professional Fees, LIC Commission and Brokerage from Sharebroker. My turnover of the year is Rs. 12,00,00/- and above am i liable to make Tax audit. please help.......
I earn income from Professional Fees, LIC Commission and Brokerage from Sharebroker. My turnover of the year is Rs. 12,00,00/- and above am i liable to make Tax audit. please help.......
CA Chitresh Gupta
(Expert)
17 February 2010
Yes, Tax audit is required if receipts exceeds Rs 10 lacs in a FY.
Regards
Regards
17 February 2010
also you have crossed service tax threshole limit, going forward charge service tax on your professional fees, and YES you have to do tax audit..
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