Treatment for getting done the tax audit

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Querist : Anonymous

Querist : Anonymous (Querist)

16 January 2015 An individual is carrying on coaching classes with the help of others teachers, staff and all premises and other assets belonging to that individual.
what will be the tax audit criterion. 1 crore of 25 lakhs.

Kaustuv

Kaustuv (Expert)
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16 January 2015 I think its a business activity under the proprietorship name ( I presume so) In that case Rs. 1 crore should be the limit.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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16 January 2015 it should be treated as business only and 100 lakhs should be considered for tax audit.

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Querist : Anonymous

Querist : Anonymous (Querist)

17 January 2015 Tushar have u got any section or case law or circular reference for ur above opinion as the indiivdual is also teaching one of the subject in the same class. please reply.