Tax audit of a co.
This query is : Resolved
27 January 2012
If a Pvt Ltd. Company has receipts of only Rs. 2 Lac during a financial year then it is liable for tax audit or not....
Thanks in Advance
Amit Jain
Thanks in Advance
Amit Jain
CA PARAS BAFNA
(Expert)
27 January 2012
For Tax Audit the Turnover /Gross Receipt Limit is considered , which is 60.00 lacs.
.
In this case Tax Audit is not required.
.
In this case Tax Audit is not required.
Guest
Guest
(Expert)
27 January 2012
TAX AUDIT NOT REQUIRED U/S 44AB
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