Please Help: ABOUT COURIER SERVICE
Posted Date : 16-Nov-2013 , 12:21:34 pm | Posted By pankaj p mistry
IS IT COURIER SERVICE BUSINESS OR PROFESSION FOR TAX AUDIT ?
Category : Income Tax | Answers : 2 | Comments : 1 | Hits : 76
Answers
Answer By: SUBHASH KUMAR JHA
what type of business or profession doesn't matter if it's turnover is exceeding the limit specified in section 44AB it will be subject to tax audot.
Answer By: shankygarg
FOR TAX AUDIT PURPOSE, COURIER SERVICE IS A BUSINESS i.e. the limit for your business is RS. 1 CRORE.
Comments
Navdeep Gupta
18-Nov-2013 , 11:50:43 amWhen specified limit of turover u/s 44AB is exceeded then tax audit is compulsory.