Commission received

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 September 2014 DEAR SIR,

MY FRIEND HAS AGENCY OF UNINOR

THE TRANSACTION IS RS 6 CRORE ANNUALY

HE RECEIVED COMMISSION 2 %

THE AMOUNT RECEIVED OF RS.6 CRORE FIRST RECEIVED BY HIM THEN AFTER TRANSFER IN UNINOR COMPANY ACCOUNT

HE LIABLE FOR TAX AUDIT ?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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10 September 2014 no since his professional income do not exceeds rs 25 lakhs

CA VISHWAKEERTHI.P.S.

CA VISHWAKEERTHI.P.S. (Expert)
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10 September 2014 No Tax audit .

Assessee had the Gross receipt of Rs. 12,00,000 (i.e., 6 Crs X 2%) .

Which not liable for tax audit u/s 44 AB as well as 44AD (because 44 AD (vi)(ii) exclude the agency activity)

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Querist : Anonymous

Querist : Anonymous (Querist)

18 September 2014 THANKS FOR REPLYING SIR

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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18 September 2014 you are welcome.....................