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Tax Audit in case of companies and partnership firms

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CA Final
43 Points Posted on 16 September 2019
In case of companies and partnership firms, When turnover is less than 1 crore and profit is less than 8%/6% as the case may be..

In this case whether tax audit is mandatory???
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On 16 September 2019 at 00:34 Report
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17264 Points Posted on 16 September 2019
What do you mean by companies ? is it Pvt Ltd or proprietory concern ? pl clarify
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On 16 September 2019 at 00:51
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CA Final
43 Points Posted on 16 September 2019
@ kapadia ji Its mean Private ltd company
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On 16 September 2019 at 02:44
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"Do the Right Thing...!!!"
128152 Points Posted on 16 September 2019
No need Tax Audit if Turn Over less than 1cr. But, Filing required u/s 44AA with BOA as per sec.
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On 16 September 2019 at 05:36
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17264 Points Posted on 16 September 2019
@ Suryadeep

You mentioned profit is less than 8%/6% and if it is in the context of presumptive taxation under 44AD ------- then please note that 44AD is not applicable to Private Limited Company.
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On 16 September 2019 at 11:05


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