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Pvt. Ltd. Co.

This query is : Resolved 

03 July 2011 Mr. X is the Director of X Pvt. Ltd. Co. The turnover of the Co. is around 1 to 1.5 lakhs (ie. Audit is not applicable)
Is it mandatory that the statement of accounts should be signed by a CA?

03 July 2011 Yes statutory audit is compulsory for all companies.

03 July 2011 44 AB Income tax audit is not needed...since TO is < 60 lakhs..

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