Applicability of Tax Audit
This query is : Resolved
21 May 2011
A society is running a School having groos receipts from tuition fee of Rs. 60.00 lacs and above. Whether Tax Audit is applicable on society running a school
Net income is to be shown under which head
Net income is to be shown under which head
21 May 2011
Yes. Tax Audit is applicable. There is no business (except some business for non-residents) that is exempt from tax audit. So, the tax audit shall be applicable to it.
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