Is Tax Audit u/s 44AB required for carry forward of Losses of a COMPANY whose turnover is less than Rs. 1 crore?? If yes, then under which provisions. I belieave section 44AD is not applicable to a Company.
Rakesh Rao (CA Final Student) (408 Points)
16 August 2017Is Tax Audit u/s 44AB required for carry forward of Losses of a COMPANY whose turnover is less than Rs. 1 crore?? If yes, then under which provisions. I belieave section 44AD is not applicable to a Company.
Jignesh Jain
(CA)
(59 Points)
Replied 17 August 2017
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