Tax audit
Querist : Anonymous
commission receipt Rs.25L wheteher he is require to get his books of accounts for tax audit?
as per my view it should be considered as profession and limit of Rs.15L should be applicable.
But i am also getting opinion that it can be considered as a bussiness and limit of Rs.60L for tax audit will be applicable. the insurance commission agent is not specifically mentioned in the list of profession mentioned thats why conflict is arised.
You have to file return u/s 44Ad for Rs. 25 Lakh.
Querist : Anonymous
so does he not considered for audit withlimit of rs.15L?
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