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tax for commissions

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(Querist)
01 November 2009 If the commission received from colleges/universities for sending students to their colleges,during the financial year 2001 is below 40 lakhs, are the books to be audited by a CA firm
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
01 November 2009 Books of accounts need not be audited u/s 44AB of The Income Tax Act,1961.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
01 November 2009 agree
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