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.
What is the Income/Revenue for them and how to compute tax and tax audit limit for those Business.
CA UMESH DULAL
(Expert)
11 August 2014
Interest and commission earned/documentation fee received should be the income from business.
CA UMESH DULAL
(Expert)
11 August 2014
Interest and commission earned/documentation fee received should be the income from business.
Rupesh Jain
(Expert)
11 August 2014
interest and commission income/ charges will consider as turnover.
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