Tax Audit
palak vaid (18 Points)
21 September 2017
palak vaid
(18 Points)
Replied 22 September 2017
Luvish Jain
(Tax Consultant)
(507 Points)
Replied 22 September 2017
RAJA P M
("Do the Right Thing...!!!")
(127483 Points)
Replied 22 September 2017
Prathik Lenin
(Chartered Accountant)
(60 Points)
Replied 22 September 2017
I presume that your query is with regard to audit under Income Tax act. Since you have not mentioned your type of business I am considering it does fall in any special category, further, you have not opted to pay tax on presumptive basis (section 44AD, 44AE, 44BB, 44BBB etc)
44 AB covers tax audit cases. The section provides that a person is required to get his books of account audited if in the previous year;
Therefore, in your case no audit is applicable under the income tax act.
palak vaid
(18 Points)
Replied 22 September 2017
MOHD AFROZ
(STUDENT)
(1480 Points)
Replied 25 September 2017
Tax Audit not required but as per companies Act,2013 company audit required.