Tax audit

ITR 435 views 1 replies

One of our customer has income from rents only and his gross receipts exceeds Rs.30,00,000/- is he cover under tax audit or under only individual slab ? can any one please suggest me in this regard ...

 

 

Replies (1)

Is he has business of PG or not.

 

Moreover in any case his business income does not exceed Rs 1 Crore, hence no Tax Audit Require.

 

And tax audit liability is only on Income from business or profession


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