Tax audit

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Kalpana Ghoshal

Kalpana Ghoshal (Querist)
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03 October 2017 Is tax audit is required if (in case of company) turnover is less then 1 crore and also profit

Amol S Joglekar

Amol S Joglekar (Expert)
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03 October 2017 44AD is not applicable to Company.....

RAJA P M

RAJA P M (Expert)
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03 October 2017 yes... ....

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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03 October 2017 Tax audit is compulsory for conpanies....

Amol S Joglekar

Amol S Joglekar (Expert)
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04 October 2017 can you please tell me the section which says that "TAX AUDIT IS COMPULSORY FOR COMPANIES?"

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RAJA P M

RAJA P M (Expert)
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04 October 2017 https://www.indiafilings.com/learn/tax-audit-for-business/

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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04 October 2017 Please stop posting this fake msg again& again.........

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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04 October 2017 Sorry wrongly posted

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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04 October 2017 https://www.google.co.in/search?hl=en-US&ie=UTF-8&source=android-browser&q=compulsory+audit+for+companies&gfe_rd=cr&dcr=0&ei=u-DUWcP6Marv8wely4Jg&gws_rd=ssl

Amol S Joglekar

Amol S Joglekar (Expert)
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04 October 2017 any section number of Income Tax Act?

RAJA P M

RAJA P M (Expert)
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04 October 2017 The link not says above said topic and It's have many more links...

Amol S Joglekar

Amol S Joglekar (Expert)
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04 October 2017 section number please........

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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05 October 2017 (1) If accounts are audited under any other law then section 44AB audit not required but Audit report in specified form to be submitted . Example:- For Companies,Accounts Audited Under Companies Act called Statutory Audit, hence tax audit under Section 44AB not required to be conducted separately However Certain reports to be furnished in Form 3CA+ Annexure in Form 3CD) (2) If accounts are audited under any other section of income tax then separate tax audit under Section 44AB required -----------------------------------------

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RAJA P M

RAJA P M (Expert)
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05 October 2017 Mam,
The above said to points can't says "Tax Audit Compulsory"...!
1. Audited under any other law then Sec 44AB not required...
2. (Audited under any other section of INCOME TAX) then required 44AB..

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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05 October 2017 But audit is compulsory under Companies Act & then a CA has to give Report in 3CA & 3CD.

RAJA P M

RAJA P M (Expert)
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05 October 2017 Both are different law. As per IT act not required.
Please see the link you can get some clarity...

https://taxguru.in/company-law/internal-audit-section-138-companies-act-2013.html

Amol S Joglekar

Amol S Joglekar (Expert)
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06 October 2017 inverse may NOT be true always.....
I think let us be "substance" driven rather than "form" driven

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