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Tax audit limit of brokerage income of share broker

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(Querist)
15 August 2012 What is the tax audit limit of a share broker having only brokerage income, 15 lac/60 lac for f.y 2010-11
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
15 August 2012 Since share broker's income has to be offered under PGBP as per ICAI publication 'Issues on Tax Audit' threshold limit for FY 2010-11 is Rs. 60 Lakhs.
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CA Guru M

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CA Guru M (Expert)
15 August 2012 Agree with reply.
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