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Tax audit limit for brokerage income

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 June 2013 What is the limit for tax audit for income from commission or brokerage for F.Y.2012-13
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Anil Sankar V

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Anil Sankar V (Expert)
28 June 2013 no limit, but shown under the income from other sources.
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Ganeshbabu K

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Ganeshbabu K (Expert)
28 June 2013 Commission income is business income...

Tax audit applicable if commission received exceeds 1crore
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