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Whether tax audit applicable to a agent ?

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02 October 2015 one of my client is geting commission by sanctionning loan from various banks and got commission from various applicant amounting Rs.60 lakh so, whether it will be treated as his business or profession ? and tax audit applicable to him or not?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
02 October 2015 it is classified as business. Hence audit wont be applicable as turnover is below Rs 1 cr.
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