filing of a income tax return

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mohan rao (Querist)
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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

dhaval

dhaval (Expert)
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31 December 2008 when ever compant get regd. it is compulary do audit ir respective of turnover as per companies Act.

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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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

CA Tilak Raj Sharma (Expert)
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31 December 2008 Tax Audit is different from Company Audit. Tax Audit is only required when turnover exceeds 40lakhs.

C A GROUP COACHING

C A GROUP COACHING (Expert)
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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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