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
CA.Tarun Maheshwari
(Expert)
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.
CA. VIKAS GUPTA
(Expert)
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- TDS on purchase of under construction property from a reseller
- Non filing of I T Returns
- UDIN ISSUE
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- SALARY CAN BE CAPITALIZE
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
