Tax audit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 September 2013 Client's business is of commission agent,
its turnover(direct income)is 1429507Rs,
its net profit is 54054Rs.
Whethere Tax Audit attracted? If yes, then under which section 44AD or 44AB??
Reply soon..

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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08 September 2013 commission agents are not covered under sec.44AD and sec.44AB will apply only the turnover exceeding Rs.1 crore. so the above query tax audit not apply

Querist : Anonymous

Querist : Anonymous (Querist)

08 September 2013 Thank U sir..

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