HELLO EVERYONE...
IF A INDIVIDUAL RUNNING A COACHING INSTITUTE & HIS GROSS RECEIPTS EXCEEDS RS.10L, WHETHER LIABLE FOR TAX AUDIT FOR ASSTT. YEAR 2010-11....
PLSE ANSWER IF FULLY CONFIRM......THNKS
2 Replies
shushantsinghal
(BCOM(HONS),C.A)
(283 Points)
Replied 31 March 2010
in my opinion it is business......
so no tax audit..........
Deepak Tapse
(Accounts Manager - Taxation)
(1771 Points)
Replied 31 March 2010
It comes under business so Audit is not applicable
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