Tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 December 2012
company audit is compulsory as per company law but is it also compulsory as per income tax act as if there is any profit or not?
Dintakurthi Tirumala
(Expert)
13 December 2012
If the turnover of the company exceeds as specified limit u/s 44AB of IT act then only Tax audit compulsory otherwise it is optional.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
13 December 2012
Yes u are right that Company audit is compulsory as reps compan audit. But income tax audit is compulsory subject to section 44AB of the act...
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