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Tax Audit

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 October 2010 A person having professional receipts of Rs. 9 Lakhs as well as the same time having business receipts of Rs. 35 Lakhs whether tax audit is applicable?
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CA. SUDHARSAN K G

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CA. SUDHARSAN K G (Expert)
17 October 2010 Dear,

He is not liable to Tax Audit
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
17 October 2010 Profession and business may be separately viewed. Gross receipts from profession and turnover from business are with in the threshold limits and hence, as per my understanding, tax audit is not required.
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CA Navin Jain

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CA Navin Jain (Expert)
17 October 2010 Agree with B C Warrier sir ji

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