dear expert
sir mere client ka mobile recharge ka busines hai uska turnover b 50 lac se upar hai or uski commission 248000 banti hai or usko 108000rs salary income b hai.to Kya usko apni firm audit karwani hogi ya wo commission income show kar ke apni itr file kar sakta hai
pls suggest me
2 Replies
Saurav Bhattacharya
(258 Points)
Replied 30 July 2018
audit case only if your client show profit less than 8% from business or his turnover is more than 2 crore
Miss Mansi Bhojani
(Practicing Chartered Accountant)
(1736 Points)
Replied 31 July 2018
Yes rightly stated above and you can not go for section 44AD as commission business is excluded in it.
Recent Topics
- FORM 10 IEA IN Revised return
- ITC Eligibility on GTA
- Top Highest Tax-Paying Celebrities: FY 2023-24
- Misplace society Bye law
- Submit ommited invoice of previous year
- Need your valueble insight
- GSTR-9 Invoices
- Agricultural Business Loss
- Reporting in gstr9 of ITC of Previous year reverse
- Tax on Reimbursement of House Rent
Related Threads
CAclubindia
