Treatment for getting done the tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 January 2015
An individual is carrying on coaching classes with the help of others teachers, staff and all premises and other assets belonging to that individual.
what will be the tax audit criterion. 1 crore of 25 lakhs.
what will be the tax audit criterion. 1 crore of 25 lakhs.
16 January 2015
I think its a business activity under the proprietorship name ( I presume so) In that case Rs. 1 crore should be the limit.
16 January 2015
it should be treated as business only and 100 lakhs should be considered for tax audit.
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 January 2015
Tushar have u got any section or case law or circular reference for ur above opinion as the indiivdual is also teaching one of the subject in the same class. please reply.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
