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Audit u/s 44ab

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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.
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Sandeep Dharar

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Sandeep Dharar (Expert)
15 May 2014 If turnover dosen't exceeds Rs. 1Crore for the Financial Year then Tax Audit is not applicable.
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Rupesh Jain

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Rupesh Jain (Expert)
15 May 2014 if you have PVT LTD company then you have to take audit of under company act.
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Sandeep Dharar

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Sandeep Dharar (Expert)
15 May 2014 Rupesh plz note that the turnover dosen't exceeds the limit u/s 44AB
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