Tax audit - applicability to money lenders and pawn brokers

This query is : Resolved 

11 August 2014 How to identify and arrive at the Tax Audit turnover limit for persons doing and engaged in Money lending business and Pawn Brokers.

What is the Income/Revenue for them and how to compute tax and tax audit limit for those Business.

11 August 2014 Interest and commission earned/documentation fee received should be the income from business.

11 August 2014 Interest and commission earned/documentation fee received should be the income from business.

11 August 2014 interest and commission income/ charges will consider as turnover.


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