Tax Audit applicability on insurance agent
Querist : Anonymous
He has filed his return for A. Y. 2010-11 without audit, even he got refund of Rs. 130000.
Now he has to file his return for A.Y. 2011-12.
Pls Reply
HENCE TAX AUDIT IS APPLICABLE FOR THE BOTH FINANCIAL YEAR SINCE IN THE FY 09-010 COMMISSION INCOME IS EXCEED RS. 1000000 AND IN THE FY 10.11 IS EXCEED RS. 1500000
Querist : Anonymous
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