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Audit under section 44ab

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(Querist)
27 September 2015 Do public limited company having turnover less than 1 crore and having loss need tax audit u/s 44AB?

It not, then can It file its ITR after 30 sep??

What will be the penalty /consequences ?????????

Plz reply as it is very urgent.
Thanx
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
27 September 2015 1. No.

2. Yes.

3. No penalty. Loss can't be carried forward.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 September 2015 No need for tax audit. Loss return filing after 30th Sep not eligible for carry forward of loss.




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