IS COMPANY IS LEGALLY BOUND TO GET AUDIT THEIR ACCOUNTS UNDER SECTION 44AB
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Section 44AB
Replies (4)
yes company is legaaly bound u/s 44AB
yes.... obviously...
no.. audit is required only when the turnover exceeds the prescribed limit under sec.44AB of Income tax act... but under companies act every company is required to get audited... doesnt matter about the turnover under companies act...
Yes !
Otherwise penalise under section 271B
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