24 January 2014
There is a Airline Travels Company who purchases tickets for resale on which it receives Agency Commission. If Commission earned is 30,00,000/- Whether Tax Audit is applicable to the company??
29 January 2014
commission income is taxable under profit and gains of business or profession . . as commission income is treated as business income . . tax audit limit is 1 crore . . as u earned less than 1 crore no tax audit required
CAclubindia
