tax audit
This query is : Resolved
30 January 2010
if propriter getting the professional fees rs 1400000/- and paid professional fees of rs 600000/- is he liable for the audit or not pls tell me its urgent
Aditya Maheshwari
(Expert)
30 January 2010
Yes he will be liable for tax audit.
The gross receipts are to be seen for the purpose of turnover and not net
The gross receipts are to be seen for the purpose of turnover and not net
CA Ravi Sisodia
(Expert)
30 January 2010
yes liable for tax audit. Rs.1400000 should be consider for the purpose of limit for tax audit.
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