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Audit of private limited company

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15 April 2015 Hello sir,
I have a small doubt some case that is there is a private ltd company which is incorporated on 1st Nov 2014 with authorized capital of Rs 1,00,000.00 and in first year ending it has a very low turnover i.e., below 1 lakh due to lack of proper marketing.
So here what is my query is that is it mandatory to get it's accounts audited to file ITR-6 or not
Please let me know the answer to the above

15 April 2015 Under income tax act all companies is required to get audited and file itr irrespective of turnover or profit/loss.



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