Treatment for getting done the tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 January 2015
An individual is carrying on coaching classes with the help of others teachers, staff and all premises and other assets belonging to that individual.
what will be the tax audit criterion. 1 crore of 25 lakhs.
what will be the tax audit criterion. 1 crore of 25 lakhs.
16 January 2015
I think its a business activity under the proprietorship name ( I presume so) In that case Rs. 1 crore should be the limit.
16 January 2015
it should be treated as business only and 100 lakhs should be considered for tax audit.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
17 January 2015
Tushar have u got any section or case law or circular reference for ur above opinion as the indiivdual is also teaching one of the subject in the same class. please reply.
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