Pvt ltd company - is tax audit necessary if tuurnover <1.00c

for a pvt company sec 44 AD deemed profit is not applicable hence if turnover is below 1 cr. and net profit is below 8% of turnover , do not consider deeming provisions u/s 44 AD. File ITR as per books of accounts of the company

Tax audit under section 44AD is applicable on companies if turnover exceeds 1 crores in relevant financial year.

Thank you for your reply. 

Means in this case (p ltd company, Turnover less than one crore, profit  1 % to 2 %) 

"TAX AUDIT"  is not required. -- am I right ? 

Right Mr. Mangesh!!

if pvt ltd company 5 lakhs  turn over need to appoint auditor,

registering under pvt ltds company can do any business and also has to get tin no

Not Required

*Please note: Presumptive Income under Section 44AD and Section 44ADA is applicable only to Resident individual, HUF and Partnership firm (Excluding LLP).

Private Limited Company/Public Limited Company: Mandatory irrespective of Turnover, Profit, etc. Even in company is incurring loss; statutory audit is required to be conduct