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Regarding tax audit of a private ltd company

This query is : Resolved 

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


Tax Audit is not required but applicability of Section 44AD would depend upon nature of company' busnisess

Thanks,

Company is engaged in the trading of sweets and namkeen. will you please guide me for applicability of sec-44ad ?

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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