Tax audit implication
This query is : Resolved
18 December 2015
1.An individual conducts one profession and one business.Turnover from profession is 27 lakhs and turnover from business is 72 lakhs for FY 14-15.Sir,what will be tax audit implications on the above?
18 December 2015
audit will be applicable straight away based on professional receipts.
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19 December 2015
Dear Ameya
Audit of Profession as well as Business since professional Receipt exceeds limit i.e Rs.25lakhs.
Your query is same as an example notified by tax guru in their newsletter.
Do ask genuine query.
Audit of Profession as well as Business since professional Receipt exceeds limit i.e Rs.25lakhs.
Your query is same as an example notified by tax guru in their newsletter.
Do ask genuine query.
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