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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITC availability for BOLERO-HILUX (HIGH AT, M1G) HLXX0
- Joint Account Closure
- 139(4) for ITR-5- audit
- TDS-Fixed assets
- Advice on How to calculate the peak balance needed for schedule FA in India for US checking account?
- Are reflected in 2B in GST portal
- Registartion of trust
- TDS can We Adjust 194C Amount to 194J
- NATURE OF PENALTY AND INTEREST UNDER TAXATION
- Reversal of unutilized ITC can be paid through ITC
- FORM SPL-02
- Complication in generating GSTR-2B
- Assesee supply services in RCM, above 2 crores turnover, is he applicable to file Gstr9
- DTAA Income
- Sale of liquidated company
- How to calculate tax as Income & Tax Calculator on e-Filing website is giving wrong results.
- Updation of UDIN for ROC forms AOC-4 and MGT-7
- Invoices not transmitted to ICEGATE because of non-authentication of Aadhaar
- Classification of unclassified authorised capital
- GST registration
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
