Go AD-Free with CAclubindia Pro and get Daily WhatsApp Updates. Subscribe Now!

banner_ad

Re : IT Returns

This query is : Resolved

Share Report Follow Query Ask a Query

praveen (Querist)
Follow

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 !!

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

16 March 2021 Tax audit not required.

Spurto Consultancy Services

Spurto Consultancy Services (Expert)
Follow

16 March 2021 No tax audit is not required.

praveen (Querist)
Follow

16 March 2021 Is tax audit not required Even if the company reporting a loss..

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

CCI Pro

CAclubindia's WhatsApp Groups Link

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

CCI Pro

Meet our CAclubindia PRO Members

Pro Member SHUBHANGI GOEL

SHUBHANGI GOEL

Pro Member Shailesh Prajapati

Shailesh Prajapati

Pro Member Adesh Mahajan

Adesh Mahajan

Pro Member Angadi & Co

Angadi & Co

Pro Member Jaipal Singh

Jaipal Singh

Follow us

add to google news

Answer Query

Quick Links

Browse by Category

Latest Job Openings

View all

Featured 14 April 2026

GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details

Featured ARTICLESHIP 19 March 2026

Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details

Featured 28 March 2026

Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details

Featured 29 April 2026

Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details

Featured 28 March 2026

CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details

Featured 13 April 2026

GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details