Menu
Tax Audit Limit
What is the tax audit limit for income earned from commission or brokerage?? Also whether we can file ITR-4 for that??
Replies (4)
If your income 1 crore then Audit required
You can file ITR 3
You can file ITR 3
so the criteria of rs.50 lakh will not apply as these are not considered as professional receipts
Yes... Commission income is treated under Business head. So, the Tax Audit limit is 1cr is applicable.
Yes, Audit required if your income is 1crore.
Recent Threads
- Procedure for 'inter-unit job work' under GST Act
- Advances received and Advances adjusted - HSN Summ
- TAX ON SALE OF COMPANY'S SHARES
- Refund on Hold - Section 245
- CLARITY REGARDING ESIC WAGE CALCULATION AFTER NEW
- GST Rule 14A for Export of Service with Hypothetic
- GST ON QUERY
- Initimation on AIS
- GST on sponsorship from foreign body corporate
- Revised Income tax return karna padega kya
Related Threads
CAclubindia
