Tax Audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 October 2010
A person having professional receipts of Rs. 9 Lakhs as well as the same time having business receipts of Rs. 35 Lakhs whether tax audit is applicable?
17 October 2010
Dear,
He is not liable to Tax Audit
He is not liable to Tax Audit
17 October 2010
Profession and business may be separately viewed. Gross receipts from profession and turnover from business are with in the threshold limits and hence, as per my understanding, tax audit is not required.
17 October 2010
Agree with B C Warrier sir ji
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