whether income earned by a school is business income or professional income.what is the limit for tax audit.
3 Replies
vinod bajaj
(partner)
(87 Points)
Replied 26 March 2009
| Originally posted by :vinod bajaj | ||
| " | whether income earned by a school is business income or professional income.what is the limit for tax audit. | " |
it is a private school and not a society
durga prasad
(sr.manager)
(31 Points)
Replied 26 March 2009
It is not a society? Is it a proprietory concern,partnership or private ltd company? you have to follow the normal procedure
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