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Audit in case of loss

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 October 2016 Dear All
A pvt. Ltd. Company has incurred loss in AY 2016-17 however turnover of company is exceed 1 Crore pls guide me in this scenario weather this pvt. Company need to get audited u/s 44AB or not,

Regds
Rohit Agarwal

22 October 2016 YES , YOU ARE LIABLE TO TAX AUDIT U/S 44AB



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