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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Tax Audit in case of companies and partnership firms
Replies (4)
What do you mean by companies ? is it Pvt Ltd or proprietory concern ? pl clarify
@ kapadia ji Its mean Private ltd company
No need Tax Audit if Turn Over less than 1cr. But, Filing required u/s 44AA with BOA as per sec.
@ 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.
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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