Audit under section 44ab

This query is : Resolved 

27 September 2015 Do public limited company having turnover less than 1 crore and having loss need tax audit u/s 44AB?

It not, then can It file its ITR after 30 sep??

What will be the penalty /consequences ?????????

Plz reply as it is very urgent.
Thanx

27 September 2015 1. No.

2. Yes.

3. No penalty. Loss can't be carried forward.

27 September 2015 No need for tax audit. Loss return filing after 30th Sep not eligible for carry forward of loss.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details