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private ltd company and 44AD
since private ltd company is not eligible to to opt for section 44AD, can it very well declare profit below 8% with proper maintenance of book of account ? is there any need for tax audit
Replies (6)
" Can it very well declare profit below 8% with proper maintenance of book of account ? is there any need for tax audit"
NO; PROVIDED TURNOVER WITHIN SPECIFIED LIMIT AS PER SECTION 44AB OF I T ACT, 1961
turnover is below 1cr sir. so i can very well proceed without tax audit ?
YES, BUT statutory-audit-mandatory-under-companies-act-2013
yes sir..sure..thanks for your promt reply :-)
| Originally posted by : Dhirajlal Rambhia | ||
 |
YES, BUT statutory-audit-mandatory-under-companies-act-2013 |  |
below 8 % of Gross Receipts to be opt for 44AB sir,
How is it possible to unaudit this case
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