Regarding Tax Audit

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  1. htindia

    htindia New Member

    I am a proprietor/ individual and I admit students to China for medical studies through a company located in India.

    The students come to me fill the forms and the documents and money is sent to the company.
    They do the formalities of admission and Visa and send the students to the respective colleges.
    In return the company pays me a amount against each student.
    I want to know that what is the income limit for me for Tax audit.
    Is it, 25 lac or is it 1 Cr.
    In other words will my income be treated as professional income or Business income.
     
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