guys if a person has Rs.38 lakhs of income from business & profession & Rs. 2 lakh worth interest from fixed deposits will he be qualify for tax audit.had discuss it wid sme of my friends & got mixed reaction but not an assured one so please help me out.
No, Tax audit is only for Business income. Interest on FDR is income from other sources.
| Originally posted by :PRANAV MISHRA | ||
| " | YES Vikas is 100% correct | " |
thanks guys...it ws really helpful..
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