Tax audit related query for pvt ltd
This query is : Resolved
Quick Summary
20 September 2023
One PVT ltd doing event management business and PVT LTD turnover is 1 crore and eighty lac and all transaction happened through bank account channel. and company profit is approximately 4.5 percentage. In this case tax audit mandatory OR Not?
CA R SEETHARAMAN
(Expert)
21 September 2023
Tax audit not applicable as all transactions (receipts and payments) happened through bank.
CA R SEETHARAMAN
(Expert)
21 September 2023
Yes, it's applicable for companies.
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