Audit requirement for a foreign company?

Thanks for the reply!

But the foreign company got the notice u/s 142(1) for filling the return of Income for A/Y 2008-09. at that time the company was not having any PE or fixed place of business in India.

TDS has been deducted by the payer correctly on all payments.

What would be the status in this case?

Thanks

142(1) may be sent to those not resident in India, but very unusual that the agent is not served the notice..

Probably because the firm is now resident..

Usual procedures to follow for 142(1) as applicable to resident...mutatis mutandis