Commission income / audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 October 2012
THE ASSESSEE IS HAVING GROSS COMMISSION RECEIPTS OF Rs.18.00 LACS DURING THE F. Y. 2011-2012 FROM LIC, WHETHER THE ASSESSEE IS LIABLE TO GET HIS ACCOUNTS AUDITED UNDER THE IT ACT.
03 October 2012
Since Gross receipts less than 60 lakhs, No audit required u/s 44AB.
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