Tax audit applicable on sales tax consultancy
This query is : Resolved
14 September 2015
Iam running a sales tax consultancy, my gross receipts are 27 lac per annum...
now am liable to tax audit or not??
15 September 2015
Sales tax consultancy is a profession. So sec. 44 AD is not applicable. Since your gross receipts in profession are more than 25 lakhs you are liable for tax audit.
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