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tax audit on commission

This query is : Resolved 

20 August 2008 Dear Members

One of my client is providing services to the private banker. Client providing the services of either collecting fund or catching vehicles on behalf of bank. In such case client gets commissio.

My query is that whether tax audit is applicable in case assessee's gross receipt is more than 10 lacs.

21 August 2008 No, it will be applicable in case commission earned is 40 lacs or more.



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