Tax audit
This query is : Resolved
13 May 2009
Is tax audit compulsory for companies even if the turnover doesnt exceed Rs.40 lakhs.
13 May 2009
No.
13 May 2009
no only if it exceeds it ia applicable
14 May 2009
Tax audit under Income tax is not compulsory, but statutory audit under companies act is compulsory even if the turnover is zero.
15 May 2009
Hi,
if turnover of business enterpirses does'nt exceed Rs.40 Lacs, no tax audit is compulsory irrespective of status.
if turnover of business enterpirses does'nt exceed Rs.40 Lacs, no tax audit is compulsory irrespective of status.
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