Tax audit query
This query is : Resolved
08 August 2014
A proprietor has rent Income of Rs 40 Lacs in FY 2013-2014 on which he charges service tax, so is he is liable for Tax Audit as 25lacs is the limit for service income and Rent Income has been considered as declared Service
08 August 2014
the ans is no as the tax limit is 100 lkahs for business income.
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