Regarding tax audit of a private ltd company
This query is : Resolved
22 May 2015
Hello Expert,
Kindly help me with regards to the following query;
A private ltd company is having turnover of 40,00,000/- from its business. Whether it requires to do tax audit ?? which section will be applicable ?? whether sec 44AD will be applicable ??
thanking you
Kindly help me with regards to the following query;
A private ltd company is having turnover of 40,00,000/- from its business. Whether it requires to do tax audit ?? which section will be applicable ?? whether sec 44AD will be applicable ??
thanking you
22 May 2015
Tax Audit is not required but applicability of Section 44AD would depend upon nature of company' busnisess
22 May 2015
Thanks,
Company is engaged in the trading of sweets and namkeen. will you please guide me for applicability of sec-44ad ?
Company is engaged in the trading of sweets and namkeen. will you please guide me for applicability of sec-44ad ?
CA Tejas Mistry
(Expert)
22 May 2015
Sec 44AD is applicable to all the traders and wholesaler business so 44 AD applies to business of Trading in Sweets and Namkeens also
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