my startup company's turnover is near about 10 lakh and I had registered it in month of December.
is it mandatory to audit of the firm and to file the itr. what should I do any suggestions.
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regarding company's itr filing
Replies (2)
Filing of ITR is compulsory for companies irrespective of turnover.
Audit under income tax is applicable if the annual turnover exceeds Rs. 2 crore, in case of business and Rs 50 lakh in case of profession.
However, audit under companies act, I. e. statutory audit is mandatory irrespective of turnover
Audit under income tax is applicable if the annual turnover exceeds Rs. 2 crore, in case of business and Rs 50 lakh in case of profession.
However, audit under companies act, I. e. statutory audit is mandatory irrespective of turnover
if the director of the company is also manager of company. thn how I will file his itr.
means what will be necessary things which have to file .
means what will be necessary things which have to file .
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