Tax audit limit

Tax queries 838 views 1 replies

what shall be limit for tax audit purpose for commission agents who is having agent code in any organization -25lacs or 1crore?

to illustrate commission agents i would like to let u know that they sale the products and services of the organization and receives commission on that sale price which may be 10% or 30% or any other.

please suggest the tax audit limit for theses types of commission agents...

Replies (1)

Commission agents income is business income.....For FY 12-13, tax audit limit is 1 crore for business and 25 lakhs for profession


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