filing of a income tax return
This query is : Resolved
31 December 2008
dear Sir,
is it every company is liable to Tax Audit ?
Even the Company is under progress of Capital Asset Formation to Construct a building for operations.
There is no turnover for the company
is it every company is liable to Tax Audit ?
Even the Company is under progress of Capital Asset Formation to Construct a building for operations.
There is no turnover for the company
31 December 2008
when ever compant get regd. it is compulary do audit ir respective of turnover as per companies Act.
31 December 2008
No, Tax Audit is required in case Sale, Turnover or Gross Receipt is 40lac or more. Pl refer to Sec 44AB
CA Tilak Raj Sharma
(Expert)
31 December 2008
Tax Audit is different from Company Audit. Tax Audit is only required when turnover exceeds 40lakhs.
C A GROUP COACHING
(Expert)
01 January 2009
TAX AUDIT U/S 44AB GET COMPULSARY ONLY WHEN YOUR T/O OF SALES EXCEEDS RS 40 LKHS
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