commission income from icici bank excced rs. 11lacs

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Kailash Goyal (Querist)
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04 September 2007 Wether tax audit is applicable where commission income exceeds rs.11lacs as same can be considered income from profession.

CMA Gul S (Expert)
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05 September 2007 No Tax Audit will not be appicable as this is your busines income and not your protessional Income

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