Re : IT Returns
This query is : Resolved
Quick Summary
16 March 2021
Dear Expert,
A Private limited company with the turnover of 10 Lakhs.. needs to file the IT return for the year 2019-20 with the loss of 5 Lakhs..
Does the tax audit required in this case though the turnover was not crossed the threshold limit..
Thanks in advance !!
A Private limited company with the turnover of 10 Lakhs.. needs to file the IT return for the year 2019-20 with the loss of 5 Lakhs..
Does the tax audit required in this case though the turnover was not crossed the threshold limit..
Thanks in advance !!
CA R SEETHARAMAN
(Expert)
16 March 2021
Tax audit not required.
16 March 2021
No tax audit is not required.
16 March 2021
Is tax audit not required Even if the company reporting a loss..
CA R SEETHARAMAN
(Expert)
16 March 2021
Yes.........................................................
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