RETURN ACCOUNT & AUDIT
This query is : Resolved
devang doshi
(Querist)
23 March 2010
WHEN THERE IS NO INCOME, LOSS PROFIT, TRANSACTION,
THEN IS
A FIRM
A COMPANY
IS LIABLE TO
FILE RETURN ?
MAKE ACCOUNT ?
CONDUCT AUDIT ?
THEN IS
A FIRM
A COMPANY
IS LIABLE TO
FILE RETURN ?
MAKE ACCOUNT ?
CONDUCT AUDIT ?
CA Ashok Kumar Sahu
(Expert)
23 March 2010
file return & make accounts are compulsory.
normal audit under co. act require to every co. no such provision for firms
but Tax audit is required only when turnover cross the limit of 40lac(60lac for 10-11)
normal audit under co. act require to every co. no such provision for firms
but Tax audit is required only when turnover cross the limit of 40lac(60lac for 10-11)
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