Dear friends, My company was incorporated last year, Aug 2021. Last year's total gross receipt was 2,00,000 and net profit was less than 6%. Is a tax audit required to be done? If yes, then under which section? Please help.
Also, please mention the last date or filing.
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TAX AUDIT APPLICABILITY for AY 2022-23
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Whether the company was incorporated under companies act, 2013?
If yes, tax audit under sec. 44AB of income tax act is not applicable.
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