becker cpa

Updated CA/CS/CMA Online/Pendrive/Download classes available for May 21/ Nov 21 attempt. Call: 088803-20003

coaching
Prodamy

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Itr for pvt ltd co.


Vardan Singh Sengar (Accounts Manager in Private Company)     12 July 2013

Vardan Singh Sengar
Accounts Manager in Private Company 
 9 likes  433 points

| My Other Post

Hii.. i want to know the whole procedure of filing income tax return of a pvt ltd co. with a turn over of 25 crore and gross receipts of 25 lacs..the co. is required to submit its tax audit report...please guide me how to file itr??? which itr to select??? and what are the other statutory compliances required?? thanks

CA CMA CS Ram Pavan Kumar Melam

CA CMA CS Ram Pavan Kumar Melam (CA)     13 July 2013

CA CMA CS Ram Pavan Kumar Melam
CA 
 374 likes  6780 points

View Profile | My Other Post

1) Statutory audit 2) Online filing of ROC annual returns; 3) Online filing of income tax returns (ITR6) and tax audit report; 4) Compliance report if applicable 5) Cost audit report if applicable etc.

Vardan Singh Sengar

Vardan Singh Sengar (Accounts Manager in Private Company)     14 July 2013

Vardan Singh Sengar
Accounts Manager in Private Company 
 9 likes  433 points

View Profile | My Other Post

is there any difference between tax audit and statutory audit??

CA CMA CS Ram Pavan Kumar Melam

CA CMA CS Ram Pavan Kumar Melam (CA)     14 July 2013

CA CMA CS Ram Pavan Kumar Melam
CA 
 374 likes  6780 points

View Profile | My Other Post

Yes there is.

1) Tax audit is applicable for the financial year ended 31st March. Statutory audit can be for the accounting period as per decission of the Board of Directors as per section 210 of the Companies Act, 1956.

2) Accounting standars are applicable to both audits, however to arrive at the tax profit, the provisions of the IT Act to be applied wrt to depreciation, provisions, other allowable expenditure, disallowances etc.

3) There are certain other differences between these two.

1 Like

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  





Trending Tags