Tax audit applicability
This query is : Resolved
12 June 2012
I Have interest income of rs. 18,00,000/- whether tax audit will be applicable or not?
Whether service tax is applicable or not on interest income?
Whether service tax is applicable or not on interest income?
13 June 2012
Tax audit is applicable if the gross receipts exceed Rs. 60 lakhs.
Accordingly, tax audit is NOT applicable in this case.
Accordingly, tax audit is NOT applicable in this case.
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