Company providing professional services : Whether Business or Profession?
Tushar sukre (9 Points)
10 September 2019Thanks in advance!!!
Tushar sukre (9 Points)
10 September 2019
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 11 September 2019
Tushar sukre
(9 Points)
Replied 11 September 2019
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 11 September 2019
1. If the private limited company is engaged in providing services then it is required to carry out tax audit under sec 44AB if the T.O or gross receipts exceeds Rs. 50 lakhs during the year.
2. In your case since the T.O is Rs. 51 lakhs tax audit u/s 44AB is mandatory.
Please correct me if the above solution has an alternative view.
Gaurav Sharma
(155 Points)
Replied 11 September 2019