Easy Office
LCI Learning

Re : IT Returns

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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 !!
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
16 March 2021 Tax audit not required.
Profile Image

Spurto Consultancy Services

Profile Image

Spurto Consultancy Services (Expert)
16 March 2021 No tax audit is not required.



Profile Image

praveen

Profile Image

praveen (Querist)
16 March 2021 Is tax audit not required Even if the company reporting a loss..
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
16 March 2021 Yes.........................................................

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links