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Commission income / audit

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Querist : Anonymous

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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.
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
03 October 2012 Since Gross receipts less than 60 lakhs, No audit required u/s 44AB.

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