Tax Audit of Company in case of loss
Suryadeep Pathak (CA Final) (43 Points)
14 September 2019
Whether Tax Audit of Company is required in case of loss.
3 Replies
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 14 September 2019
Yes... If Turn Over exceeding as per 44ab.
Kapadia Pravin
(17264 Points)
Replied 14 September 2019
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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