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Tax audit related query for pvt ltd

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(Querist)
20 September 2023 One PVT ltd doing event management business and PVT LTD turnover is 1 crore and eighty lac and all transaction happened through bank account channel. and company profit is approximately 4.5 percentage. In this case tax audit mandatory OR Not?
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RAJA P M

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RAJA P M (Expert)
20 September 2023 Yes, Audit is applicable.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
21 September 2023 Tax audit not applicable as all transactions (receipts and payments) happened through bank.



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RAJA P M

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RAJA P M (Expert)
21 September 2023 Sir,
Is this also to Pvt Ltd...?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
21 September 2023 Yes, it's applicable for companies.

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