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Audit of Company

This query is : Resolved 

12 October 2017 Conditions for tax audit of company as per income tax act

12 October 2017 If the turnover exceeds Rs 1 CR

12 October 2017 1. If your gross turnover exceeds Rs.1 crore in case of business. 2. If your gross receipts exceed Rs.5000000/- in case of profession. 3. You declare profit u/s 44AD less than 8% of turnover.( turnover upto Rs.2 crore)

01 October 2021 Sorry, Company cannot opt for Sec, 44AD...


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