11 September 2014
A assesssee is engaged in sale and purchase of lottery tickets and got commission for the same..but he is not selling or buying tickets on his own nameinstead he is selling & buying tickets on the behalf of his principal.wheather the assessee is liable tax for audit u/s 44ab when his commission income exceed 1cr or when his turnover exceed by 1cr.please clarify the same
CAclubindia
