Tax audit if amalgamation has happened

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Querist : Anonymous

Querist : Anonymous (Querist)

31 August 2011 Is it Mandatory for a running company to get tax audit done, if after 9 months i.e. 1st April to 31st December it gets merged with another company?

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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01 September 2011 Tax audit is based on turnover. If broken period's turnover is 60 lacs and above then you have to get the Tax Audit done for both the companies ie. prior to amalgamation and after amalgamation

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Querist : Anonymous

Querist : Anonymous (Querist)

01 September 2011 Thank u so much sir, my doubt is very much cleared.

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