One of our customer has income from rents only and his gross receipts exceeds Rs.30,00,000/- is he cover under tax audit or under only individual slab ? can any one please suggest me in this regard ...
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Tax audit
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Is he has business of PG or not.
Moreover in any case his business income does not exceed Rs 1 Crore, hence no Tax Audit Require.
And tax audit liability is only on Income from business or profession
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