Tax audit

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Querist : Anonymous

Querist : Anonymous (Querist)

15 September 2014 Hi all,
Suppose a individual is running commercial coaching classes, under which he himself teaches along with other teachers deployed by him then for tax audit purpose which limit is applicable to him
Rs 25,00,000 OR Rs 1,00,00,000 ie he is liable for tax audit on crossing the turnover of Rs 25,00,000 OR Rs 1,00,00,000??

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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15 September 2014 In my opinion his income from running commercial coaching classes will come under "PGBP" head hence applicable limit shalll be Rs. 1 crore.

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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15 September 2014 then in my vie he is running a business only and rs 1 crore is taken as limit.

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