Tax audit

This query is : Resolved 

19 September 2013 In case a private limited company has not crossed 100 lava turnover but the net profit to sales ratio is below 8%.IS the company liable for tax audit

19 September 2013 If the turnover doesn't exceed the prescribed limit nor the rate of profit,
Then no tax audit under 44AB, however return have to furnish within the prescribed time under 139{1} of the IT Act...


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