audit
This query is : Resolved
11 December 2009
sir
one assessee received 35 lac commision on cement sale promotion. recevied TDS certificate u/s 194 H and service tax under business aux. service.
is their any tax audit liability.
one assessee received 35 lac commision on cement sale promotion. recevied TDS certificate u/s 194 H and service tax under business aux. service.
is their any tax audit liability.
12 December 2009
No; he is not liable to tax audit.
Because he is not running any profession.
Ca Rakhecha
Surat
Because he is not running any profession.
Ca Rakhecha
Surat
12 December 2009
As the total commission does not exceed Rs.40 lacs, there will be no audit liability provided there is no other business income.
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