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Tax Audit in case of companies and partnership firms


Suryadeep Pathak (CA Final)     16 September 2019

Suryadeep Pathak
CA Final 
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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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Kapadia Pravin   16 September 2019

Kapadia Pravin

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What do you mean by companies ? is it Pvt Ltd or proprietory concern ? pl clarify

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Suryadeep Pathak (CA Final)     16 September 2019

Suryadeep Pathak
CA Final 
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@ kapadia ji Its mean Private ltd company

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RAJA P M ("Do the Right Thing...!!!")     16 September 2019

RAJA P M
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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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Kapadia Pravin   16 September 2019

Kapadia Pravin

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@ 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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