Regarding Applicability of Tax Audit u/s 44AB
This query is : Open
25 September 2026
Applicability of Tax Audit u/s 44AB in case of Pvt ltd Company having Professional Receipts of ₹23 Lakh and Loss of ₹35 Lakh :
Whether the company is required to conduct a tax audit under Section 44AB of the Income-tax Act, 1961?
Does the business loss of ₹35 lakh, by itself, make the company liable for tax audit under Section 44AB?
If Section 44AB is not applicable, is the company required only to:
prepare and file its income-tax return (ITR-6); and
conduct its statutory audit under the Companies Act, 2013?
Whether the company is required to conduct a tax audit under Section 44AB of the Income-tax Act, 1961?
Does the business loss of ₹35 lakh, by itself, make the company liable for tax audit under Section 44AB?
If Section 44AB is not applicable, is the company required only to:
prepare and file its income-tax return (ITR-6); and
conduct its statutory audit under the Companies Act, 2013?
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