Applicability of tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 September 2015
If proprietor has only rent income exceeding rs. 25 lacs should he fall under Tax Audit?
02 September 2015
If a person is in business then only propritor or partner words are used. if he is getting only house property income then he can file with out audit. Since tax audit limit is above 1 crore for business and for profession above 25 lakhs.
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