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Tax audit u/s 44 ab

This query is : Resolved 

20 December 2011 One of my assessee is doing the business of recharge voucher. For this, he is getting commission on recharge value.
For Tax Audit u/s 44 AB , whether the commission amount is taken as turnover purpose or Gross receipt is taken.

Gross receipts - Rs. 6600000/-
Commission Received- Rs.650000/-
Whether audit is mandatory?

20 December 2011 commission received will be considered for 44AB.

20 December 2011 Yes agree with expert, Since Commission is below 60 Lacs Limit, he is not liable to gets his account audited u/s. 44AB.




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