APPLICABILITY OF INCOME TAX AUDIT
This query is : Resolved
Quick Summary
03 December 2020
IN CASE OF PRIVATE LIMITED COMPANY IF TURNOVER IS LESS THAN RS.1 CRORE IS IT REQUIRED TO GET AUDITED IN INCOME TAX ACT U/S 44AB AS TAX AUDIT?AND IS LIMIT COMPLIANCE OF NOT MORE THAN 5% OF RECEIPTS AND PAYMENT IN CASH REQUIRED TO BE SEEN FOR GETTING THIS COMPANY AUDITED IN TAX AUDIT IN INCOME TAX ACT?KINDLY GIVE ANSWER AS SOON AS POSSIBLE.
CA SANKET GARG
(Expert)
06 December 2020
No Tax Audit will be required.
CA SANKET GARG
(Expert)
08 December 2020
Yes tax audit report not required.
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