Menu
Tax Audit for the Asst year 2019-20
one of the Private Limited company engaged in Business has Turnover is less than one Crore but incurred a Net Loss of Rs 40 Lakhs Whether to file Tax Audit Reports I.e. Form 3CA and Form 3CD for the Asst year 2019-20 please clarify
Replies (1)
Since turnover is below 44AB limit of 1 crore, tax audit is not necessary.
Net loss of Rs 40 Lakhs is not relevant factor for audit eligibility.
Net loss of Rs 40 Lakhs is not relevant factor for audit eligibility.
Recent Topics :
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
- Dividend from co-operative society
- SECTION 139(10) OF THE COMPANIES ACT, 2013 CASE
- TDS u/s.194C returns filed in ITR-1
Related Topics :
CAclubindia
