Sir,
Mr. X is a tax/legal practitioner and making tax payment from his own account on behalf of his clients which is more than 25 lakhs in a year, and his income/receipts/fees is less than 8 lakhs in a year, my question is, is he need to do tax audit or not.
(My Sr. Says no and My friends Sr. Says Yes, hence this question is)
Regards
Renu
No need for tax Audit
Becouse he paid tax on behalf of his client
and that's not his income
Right
He is not liable for tax audit.
A R JADHAV AND ASSOCIATES
Mumbai
CA Inter
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