Menu
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
Recent Topic
- Money transction within Family
- ITR-2 salary breakup updation
- Application for ₹2 Crore Term Loan under Cre
- ITR-2 Schedule CG: Indexation cost ignored for lan
- INCOME TAX NOTICE 143(2) - FY 2024-2025
- Unable pay Self Assessment Tax - Netbanking and De
- Section 192 2(b) entry in IT return ITR 1
- Rent from redevelopment property
- How to find FMV of inherited gold after selling it
- Happy CA Day!!
Related Topics
CAclubindia
