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| This query is : Resolved
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Author : Anonymous
( Author )
02 April 2010
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IS AUDIT COMPULSORY FOR EVERY PRIVATE LIMITED CO'S.
PLEASE LET ME KNOW THE DETAILS RELATING TO AUDIT OF PRIVATE LIMITED COMPANIES
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CA. Kishore Choudhary
( Expert )
02 April 2010
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every pvt.ltd. company compulsory for Tax Audit
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Author : Anonymous
( Author )
02 April 2010
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Thank you Sir.
Can you please quote some sections under the Companies act or under any other material to throw some more light on this topic
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CA Ashok Kumar Sahu
( Expert )
02 April 2010
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AS PER SEC 44AB TAX AUDIT REQUIRE ONLY WHEN CROSS THE LIMIT OF 40/10 LACS.
HENCE TAX AUDIT IS NOT COMPULSORY FOR EVERY CO.
BUT STATUTORY AUDIT IS COMPULSORY AS PER CO. ACT. SEC- 216,
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CA Ravi sisodia
( Expert )
02 April 2010
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Agree with CA Ashok.
Tax audit is compulsory for pvt. companies when its turnover is more then Rs.40 laks per annum. hence tax audit isnt compulsoty for every pvt. co.
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