Tax Audit Who Should do it
This query is : Resolved
05 December 2008
Dear all,
When is it mandatory for a private limited company to get tax audit done? and who can do it. Is is necessary that a CA should do it?
When is it mandatory for a private limited company to get tax audit done? and who can do it. Is is necessary that a CA should do it?
05 December 2008
Whenever gross turnover of an assessee, engaged in business,exceeds Rupees Forty Lacs, audit under section 44AB of The Income Tax Act is mandatory irrespective of constitution of the assessee.And the same can be conducted only by a chartered accountant.
05 December 2008
When turnover of company exceeds Rs. 40 Lakhs in case of Business or Recipts exceed Rs. 10 Lakhs in case of profession , then it is neccessary to get its accounts audited as per Section 44AB of Income Tax Act.
Tax audit u/s 44AB of Income Tax Act can be done only by a Chartered Accountant.
Tax audit u/s 44AB of Income Tax Act can be done only by a Chartered Accountant.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
