TAX AUDIT

This query is : Resolved

Report Abuse Follow Query Ask a Query

CA PRAKASH M KHATRI

CA PRAKASH M KHATRI (Querist)
Follow

12 July 2011 WHAT IS THE TAX AUDIT LIMIT FOR BEAUTY PARLOUR SERVICES

Sanjeeva Reddy

Sanjeeva Reddy (Expert)
Follow

12 July 2011 In case of person carrying on business the limit is Rs. 60 lakhs (Turnover or Gross Recipts).

In case of person carrying on profession the limit is Rs. 15 lakhs (gross receipts).

Beauty paralour services comes under profession.

CA PRAKASH M KHATRI

CA PRAKASH M KHATRI (Querist)
Follow

12 July 2011 HOW DOES PARLOUR SERVICE COME UNDER THE PROFESSION IT IS JUST A SERVICE INDUSTRY WITHOUT HAVING ANY REQUIREMENT OF PROFESSION . ANY BODY CAN START THIS SERVICE WITHOUT HAVING QUALIFICATION REQUIREMENTS.

AS PER MY OPINION Beauty paralour services Do not come under profession