Please help is company liable to tax audit?

if turnover is 30 lakhs and profit is 1 lakh
Replies (4)
Quick Summary
This discussion clarifies whether a company with a turnover of 30 lakhs and a profit of 1 lakh is liable for a tax audit. Initial advice suggested Section 44AB(e) might apply, but it was corrected that Section 44AD provisions are not applicable to companies. Therefore, a company with this turnover is generally not subject to a tax audit.

Yes as per sec 44AB(e)

sorry it won't be applicable as the provisions of sec 44AD does not apply to company.

No audit for company with 30 lacs turnover
No tax audit is not applicable

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