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AUDIT FOR PRIVATE LIMITED COMPANIES

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 April 2010 IS AUDIT COMPULSORY FOR EVERY PRIVATE LIMITED CO'S.
PLEASE LET ME KNOW THE DETAILS RELATING TO AUDIT OF PRIVATE LIMITED COMPANIES

02 April 2010 every pvt.ltd. company compulsory for Tax Audit

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 April 2010 Thank you Sir.
Can you please quote some sections under the Companies act or under any other material to throw some more light on this topic




02 April 2010 AS PER SEC 44AB TAX AUDIT REQUIRE ONLY WHEN CROSS THE LIMIT OF 40/10 LACS.

HENCE TAX AUDIT IS NOT COMPULSORY FOR EVERY CO.

BUT STATUTORY AUDIT IS COMPULSORY AS PER CO. ACT. SEC- 216,

02 April 2010 Agree with CA Ashok.
Tax audit is compulsory for pvt. companies when its turnover is more then Rs.40 laks per annum. hence tax audit isnt compulsoty for every pvt. co.



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