C.S
37 Points
Posted on 28 January 2009
We Have A Clearing & Forwarding Agency & our Annual Income is 10-12 lakhs i.e Agency Commission and our Reimbursement Expenses i.e Shipping Expenses , Custom Duty etc are around 3 crores. So Tax Audit has to be done on which amount i.e Agency Commission or Reimbursement Expenses ?