Friday, March 8, 2019

Gross amount of accommodation entries to be considered while computing turnover limit for tax audit

IT : In case of assessee, engaged in providing accommodation entries to entry seekers on commission basis, gross amount received had to be taken into consideration for computing monetary limit of Rs. 40 lakhs as specified under section 44AB and not commission income earned by him

from www.taxmann.com Latest Case Laws https://ift.tt/2IYckAH

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