Private limited company
This query is : Resolved
26 September 2014
If a private limited company is to be audited WHOSE TURN OVER IS BELOW 1 CRORE, IT IS NOT LIABLE TO TAX AUDIT
BUT THE FORM 3CD (as its is required in the case of Pvt Ltd. co) asks us to submit the sub section in point Number 8 of the Form No. CD AS TO UNDER WHICH SUB SECTION THE AUDIT REPORT IS TO BE GIVEN.
SO IF THE TURNOVER OF THE COMPNAY IS BELOW ONE CRORE THEN WHAT IS THE SOLUTION.
BUT THE FORM 3CD (as its is required in the case of Pvt Ltd. co) asks us to submit the sub section in point Number 8 of the Form No. CD AS TO UNDER WHICH SUB SECTION THE AUDIT REPORT IS TO BE GIVEN.
SO IF THE TURNOVER OF THE COMPNAY IS BELOW ONE CRORE THEN WHAT IS THE SOLUTION.
26 September 2014
if the turnover is below 44AB limit, then tax audit wont apply to the company. as simple as that.
01 October 2014
what is confusion? once it is below 1 crore no tax audit is applicable..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- ITC BENEFIT ON BROKRAGE PAID
- Residential status of non resident
- Gst reverse charge mechanism to be claimed in the month of payment
- Sale of Mutual Funds In Diffirent Financial Years
- CASH GIFT FROM BLOOD RELATIVE
- ITR 44AD SECTION
- GST ISD Query on various AMCs
- REGARDING ITR FILING QUESTION
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
