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Tax Audit of Company in case of loss
Whether Tax Audit of Company is required in case of loss.
Replies (3)
No unless turnover exceeds
Yes... If Turn Over exceeding as per 44ab.
Tax Audit is dependent on Turnover.
Upto 1 crore - no tax audit but if is is more than 1 Crore then tax audit is mandatory despite loss.
Upto 1 crore - no tax audit but if is is more than 1 Crore then tax audit is mandatory despite loss.
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