Is tax audit applicable for co-operative housing society?The society has already done audit under co-operative societies act.
This is co-operative housing society and not engaged in any other business.
Notice under section 139(9)
is issued for the reason books of accounts are not audited.Is it necessary to submit tax auditreport in such case?
Audit report and audited accounts are required and that you carried out under co-operative Housing Society Act.
Co-operative Housing society Income is not a business income and hence no tax audit requirement.
Under which head of ITR , You have declared Housing Society Income ??
May be a technical error by CPC
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