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Appointment of internal auditor for fy 2018-19

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(Querist)
16 November 2018 If a Pvt. Ltd. company whose turnover exclusive of taxes in FY 2017-18 is less than Rs. 200 Cr and with Taxes, if turnover crosses Rs. 200 Cr., then is the company required to appoint internal auditor for FY 2018-19?
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CS Amit Srivastava

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CS Amit Srivastava (Expert)
17 November 2018 Turnover signifies gross operating receipt therefore in your case if turnover before tax is Rs. 2 Cr. or more then you are required to appoint Internal Auditor.
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