Tax audit limit for brokerage income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 June 2013
What is the limit for tax audit for income from commission or brokerage for F.Y.2012-13
28 June 2013
no limit, but shown under the income from other sources.
28 June 2013
Commission income is business income...
Tax audit applicable if commission received exceeds 1crore
Tax audit applicable if commission received exceeds 1crore
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