AUDIT FOR PRIVATE LIMITED COMPANIES

This query is : Resolved 
 


Querist : Anonymous (Querist) 02 April 2010

IS AUDIT COMPULSORY FOR EVERY PRIVATE LIMITED CO'S.
PLEASE LET ME KNOW THE DETAILS RELATING TO AUDIT OF PRIVATE LIMITED COMPANIES


CA. Kishore Choudhary (Expert)
02 April 2010

every pvt.ltd. company compulsory for Tax Audit


Querist : Anonymous (Querist) 02 April 2010

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

CA Ashok Kumar Sahu (Expert)
02 April 2010

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,

CA Ravi Sisodia (Expert)
02 April 2010

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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