Tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 August 2014
case :
A company having a turnover of rs. 80lacs and showing profit less than 8%. Is it applicable for tax audit u/s 44AB?
A company having a turnover of rs. 80lacs and showing profit less than 8%. Is it applicable for tax audit u/s 44AB?
16 August 2014
No. Tax Audit not applicable since turnover is less than Rs 1 Crore.
16 August 2014
no required turnover is less than rs. 100 lacs.
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