pvt ltd company

No need under income Tax.

audit under companies act

Companies Act doesn't deal with income Tax Audit, you need to follow provisions of IT act

Yes... Audit required Under Companies Act.

Companies is must audited under companies act irrespective of Turn Over...

So, Income Tax Audit not required based on companies Audit.

He is asking Income Tax Audit under companies Act,

As far as I know, companies Act doesn't have any provisions wrt income tax audit.

Following audits are covered under Companies Act.
Statutory Audit
Secretarial audit u/s 204
Cost audit u/s 148

My 1st reply to this one :

(If Pvt Ltd Company turnover is 11 lac in 2017-18 then income tax audit is mendetory or not)

-- No need under income Tax.


My 2nd reply to this one :

(audit under companies act)

-- Yes... Audit required Under Companies Act.

Companies is must audited under companies act irrespective of Turn Over...

So, Income Tax Audit not required based on companies Audit





(I'm. not crossed your reply. Bcoz, The both replies posted same time. So, Your reply posted 1st then my reply).

sir what should the net profit percentage in Pvt Ltd Company.