02 January 2012
A person engaged in providing in-house software development services to various clients under the name and style of XYZ Pvt. Ltd. He is registered under service tax for this purpose. Under Income Tax, will he be required to tax audit on the basis of "Business" i.e. turnover exceeding 60 lacs or that of "professional" i.e. turnover exceeding 15 lacs?
CAclubindia
