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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.
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