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Itr for new private limited company
1. Is it new private limited company paid ITR .....??
2. If profit less than 8% in pvt limited company so audit is required or not.
Replies (1)
The 8% presumptive taxation not applicable to companies. If turnover exceed 1 crore ( for f.y 15-16 ), then tax audit I'd applicable. Statutory audit under companies act is compulsory.
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