Audit of commission agent
This query is : Resolved
30 September 2014
friends,if a person is providing commission agent service and having gross receipts of rs.10L ,whether he is required to get his accounts audited.
30 September 2014
No Tax Audit not required in the given case.
30 September 2014
Thanks , for reply sir , then what are provisions under which commission agent will be required to get his accounts audited.
01 October 2014
commission agent will be audited under Income-tax Act only if his/her turnover exceeds Rs 1 cr
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