Tax audit
This query is : Resolved
24 January 2014
There is a Airline Travels Company who purchases tickets for resale on which it receives Agency Commission.
If Commission earned is 30,00,000/-
Whether Tax Audit is applicable to the company??
If Commission earned is 30,00,000/-
Whether Tax Audit is applicable to the company??
29 January 2014
commission income is taxable under profit and gains of business or profession
.
.
as commission income is treated as business income
.
.
tax audit limit is 1 crore
.
.
as u earned less than 1 crore no tax audit required
.
.
as commission income is treated as business income
.
.
tax audit limit is 1 crore
.
.
as u earned less than 1 crore no tax audit required
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