Relating to tax audit of a company
This query is : Resolved
Ravi shekhhar
(Querist)
02 November 2012
a company having turnover of 142078.00 is showing loss in his books of accounts. Whether it is liable to tax audit or not?
CA Ayush Agarwal
(Expert)
02 November 2012
Yes, Since Business Income.
Liable to Audit u/s 44AD.
Otherwise Show Profit 8%
Liable to Audit u/s 44AD.
Otherwise Show Profit 8%
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