Tax audit applicable or not
This query is : Resolved
08 September 2011
Whether turnover/gross recpt limit for Insurance Agent/Sahara Commission Agents for the purpose of tax audit is considered as 60 Lac or 15 Lac.Please provide case law if available.
08 September 2011
Rs.60 lacs is to be considered as a limit for tax audit applicability because commission has not been earned by way of technical or professional expectancy
08 September 2011
Agree, insurance commission is come under business.
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