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Tax audit applicable or not

This query is : Resolved 
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(Querist)
08 September 2011 Whether turnover/gross recpt limit for Insurance Agent/Sahara Commission Agents for the purpose of tax audit is considered as 60 Lac or 15 Lac.Please provide case law if available.
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CA.E.Deepan Chakravarthy

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CA.E.Deepan Chakravarthy (Expert)
08 September 2011 Rs.60 lacs is to be considered as a limit for tax audit applicability because commission has not been earned by way of technical or professional expectancy
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CA Navin Jain

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CA Navin Jain (Expert)
08 September 2011 Agree, insurance commission is come under business.
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