Tax Audit on company having loss and turnover below 1 crore

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Hello Members,

Kindly clarify if any private limited company is having business loss as well as book loss, however turnover is below 1 crore and maintains books of account and having all 100% transactions either receipt or payment via. Banking channel only.

Is a tax audit applicable to the same company.
Replies (1)
Yes, Tax Audit Applicable if it's loss.
Also Company Audit Applicable..

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