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Tax audit is mandatory to pvt ltd co.

Pramod Sen (Advocate ) (156 Points)

30 October 2018

dear Sir,

tax audit is compulsory for pvt ltd co or no.??

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10 Replies

VivekNarang (Article) (26 Points)
Replied 30 October 2018

in case of turnover exceeded 100lakh rs

Ashwin Kumar (1229 Points)
Replied 30 October 2018

It is not mandatory. however under section 44AB if the turnover of a company exceeds rupees 1 crore in the preceding year, then the company should get its books of accounts audited.

VivekNarang (Article) (26 Points)
Replied 30 October 2018

or gross receipt 50 lakhs in case of profession

RAJA P M ("Do the Right Thing...!!!") (127475 Points)
Replied 30 October 2018

As per sec 44AB Turn Over exceeding above 1cr then Tax Audit applicable...

In case it's less than 1cr then No need under Income Tax Act...

But, Audited as per companies act..

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Ashwin Kumar (1229 Points)
Replied 30 October 2018

that statement is irrelevant to the query as he asked only for pct ltd company. I gave just the answer required to ensure that he doesn't get confused

RAJA P M ("Do the Right Thing...!!!") (127475 Points)
Replied 30 October 2018

Are you reply based on my reply...?!

Pramod Sen (Advocate ) (156 Points)
Replied 30 October 2018

thak you all I was want to be cleared for both com act and income tax act too.

Abdus Samad Mandavia (6 Points)
Replied 31 October 2018

which are the forms to be filled for income tax audit

SWARNAMALYA B (285 Points)
Replied 31 October 2018

Form 3CB - CD and 3CA-CB should be filed for tax audit is addition to itr and other forms

robin garg (ipcc) (275 Points)
Replied 01 November 2018

If you are liable to get your accounts audited under other act then you have to file 3A 3D other wise 3B-3D
Like in case of companies, audit under companies act is required so in case of companies form 3A-3D need to be filed