Tax audit
This query is : Resolved
14 November 2014
whether a pvt ltd co. has turnover of Rs.69 lacs for FY 2013-14 and having net profit of less than 8%, require to get audit u/s 44AB or 44 AE.
pl reply asap. its urgent
pl reply asap. its urgent
14 November 2014
private limited company is not required to get the audit done if the turnover doesn't exceed the turnover limit under clause (a) or (b) of section 44AB. since the turnover is less than 1 cr, no audit is applicable.
14 November 2014
Read Section 44AD. Pvt Ltd co has not been specified; thus audit under 44AB not required.
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