Please help is company liable to tax audit?
Ankush (Student) (1374 Points)
04 June 2021
if turnover is 30 lakhs and profit is 1 lakh
4 Replies
Sivaramaraju G
(Learner)
(2398 Points)
Replied 04 June 2021
sorry it won't be applicable as the provisions of sec 44AD does not apply to company.
veerendar singh
(tax consultant)
(3306 Points)
Replied 04 June 2021
No audit for company with 30 lacs turnover
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 04 June 2021
No tax audit is not applicable
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