Audit u/s 44ab
This query is : Resolved
15 May 2014
Our company is manufacturing Pvt. Ltd. company.our company is form in 2010-11. in Fy 12-13 turnover was more than 1 crore. so in 12-13 we had audited our accounts. Now in FY 13-14, turnover is less than Rs. 1 crore. My question is in FY 13-14, tax audit is compulsory or not.
Sandeep Dharar
(Expert)
15 May 2014
If turnover dosen't exceeds Rs. 1Crore for the Financial Year then Tax Audit is not applicable.
Rupesh Jain
(Expert)
15 May 2014
if you have PVT LTD company then you have to take audit of under company act.
Sandeep Dharar
(Expert)
15 May 2014
Rupesh plz note that the turnover dosen't exceeds the limit u/s 44AB
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