Tax Audit or Not-Urgent

Loss should be audited

1. Since it is a 'Company' assessee and turnover is less than Rs. 1 crore, tax audit is not applicable. Even if it is a loss return, sec 44AD provisions will not apply as it is not an 'eligible assessee' as per section 44AD being a 'Company'.

2. In the second case as well, since it is a LLP, tax audit will be applicable if turnover is more than 1 crore; which is not the case here. Section 44AD provisions will not apply as it is not an 'eligible assessee' since it is a LLP.

In both the cases, tax audit is not applicable.

Thank you, Sir, for your Valuable reply.