Tax audit applicability for PVT Ltd company

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44 Points Posted on 15 September 2023
Pvt ltd company is declaring profit less than 6%/8% profit of turnover. Is company to need to get audited( Tax audit)
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On 15 September 2023 at 02:24 Report
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This discussion clarifies that a PVT Ltd company is indeed required to undergo a tax audit, regardless of its declared profit margin relative to turnover. It's a mandatory annual statutory audit that every company must have performed by a Chartered Accountant, even if the company is inactive or has no current turnover.

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"Do the Right Thing...!!!"
128162 Points Posted on 15 September 2023
Yes, Audit Applicable.
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On 15 September 2023 at 07:29
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Account
408 Points Posted on 15 September 2023

Every company is required to get its account audited by a Chartered Accountant. Even if the company is not working or is currently having no turnover then also the Annual Statutory Audit is mandatory.
 

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On 15 September 2023 at 08:14

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