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Commission Income

This query is : Resolved 
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(Querist)
30 September 2008 What is the criteria for tax audit if an assessee has commission income earned as a canvassing agent?
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
30 September 2008 In case the Gross Receipt is 40 lac or more, Tax Audit is to be conducted.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
30 September 2008 Gross commission.
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Jitesh Chowdhury

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Jitesh Chowdhury (Querist)
30 September 2008 no but the idea is commission is a professional income and gross receipt criteria of Rs. 10 lacs shouls come in play rather than 40 lac turnover criteria since he's got no turnover whatsoever!
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
01 October 2008 In case of a person engaged in a service industry it is the gross receipt which is to be considered.

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