Tax Audit for commission income under section -194H
This query is : Resolved
28 December 2023
One of my client earned commission income amounting Rs 1,11,60000 TDS on which is deducted under section 194 H. Now my query is that I dont want to do Tax audit of the same, can i file ITR by preparing proper accounts and avoid Tax audit?
Net profit declared by preparing accounts is more than 50%.
Net profit declared by preparing accounts is more than 50%.
28 December 2023
Tax audit applicable as gross receipt exceed 1 crore.
Presumptive tax option not available for commission income.
Presumptive tax option not available for commission income.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Value of property in capital gain
- LC charges in relation to Asset purchased should be Capitalised ?
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- Copyright software
- Multiple trade mark
- Negative ITC in Table 4(A)(5)
- Regarding appeal to GSTAT
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
