Tax audit
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 December 2012
if person has professional receipts more than 15 lakhs and business sales more than 60 lakhs then whether he is liable to TAX AUDT both income?
31 December 2012
"every person carrying on business is required to get his accounts audited if the total sales, turnover or gross receipts in the previous year exceed sixty lakh rupees. Similarly, a person carrying on a profession is required to get his accounts audited if the total sales, turnover or gross receipts in the previous year exceed fifteen lakh rupees"
On the above discussion it better to go for audit on both the income
On the above discussion it better to go for audit on both the income
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