Audit
This query is : Resolved
11 September 2009
If a Private Ltd. co. is required to audit its a/c in case its Turn Over or Gross Receipts is less than limit as per Income Tax?
11 September 2009
Yes, if the turnover or gross receipts of the pvt ltd company exceeds the limit for tax audit, then such company shall get its accounts audited under the income tax act.
11 September 2009
but if its turnover or gross receipt is less than limit, than what?
And whether it will be required to file 3cd?
And whether it will be required to file 3cd?
11 September 2009
Statutory Audit is mandatory for every company under section 224 of the companies act, 1956.
Regards
Regards
12 September 2009
thank you
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