3ca 3cd

This query is : Resolved 

24 August 2013 i have a company. the company currently is not doing any business. there are only two transactions: bank charges and audit fees.

I WANT TO KNOW WHETHER COMPANY IS REQUIRED TO FURNISH ANY AUDIT REPORT(3CA-3CD, 29B)UNDER INCOME TAX ACT 1961. IF YES, WHETHER IT IS REQUIRED TO E-FILE THE SAME.

24 August 2013 Tax Audit Not required. Turnover Limit for Tax Audit is Rs 100 Lacs.

24 August 2013 thank you sir
i want to know one more thing

since 44ad is not applicable to company, that means company is liable for tax audit only when turnover exceeds 1 crore

25 August 2013 Yes,,it is ,,,company liable for tax audit if its turnover exceeds 1 crore


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