What is the criteria for Tax Audit U/s 44AB in case of Travel Agents,Whether commission should exceed 1 Crore or Sale of Air tickets should exceed 1 Crore Pls Clarify
2 Replies
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 17 June 2014
comm. income should exceed the limit of 1 crore.
CA Pooja Sharma
(Chartered Accountant)
(192 Points)
Replied 18 June 2014
Only commission income is to be considered for determining applicability of Tax Audit.
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