Tax audit
This query is : Resolved
15 June 2014
if professional fees received is 26 lakh including service tax i.e gross amt and excluding service tax the amt is 24 i.e net amt.so whether tax audit is applicable.if yes then how
15 June 2014
If it is charged separately, it will not include in turnover (receipt).
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16 June 2014
as per guidance not of iCAI if you maintain separated a/c for service tax then its not include in turnover other wise it will consider in receipts/ turnover.
16 June 2014
Service tax is not income, so if you maintaining separate account for the same, it is not ur TO.
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