Easy Office
LCI Learning

Commission oriented business

This query is : Resolved 

15 January 2018 Dear sir/ madam, if assessee doing commission business, total commission is less then 1 crore but net profit is less than 6 percent, is it required for tax audit?

15 January 2018 Tax audit not applicable as commission income is less than 1 crore. 44AD not applicable to commission income.

16 January 2018 Can we show it as Commission/ agency business without books under "special business" head or under Net profite before Tax as per P & L a/c.?


16 January 2018 Show it as commission/agency business books of accounts required.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query