Is Tax Audit u/s 44AB required for carry forward of Losses of a COMPANY whose turnover is less than Rs. 1 crore?? If yes, then under which provisions. I belieave section 44AD is not applicable to a Company.
Menu
Tax audit query
Replies (1)
sec 44ad not applicable for company, so even if profit is less than 8% including loss tax audit isn't required
however statutory audit is required in any case
however statutory audit is required in any case
Recent Topic
- Reimbursed income
- Bricks Klin
- Compile error in hidden module: Sheet1. (ITR 5 exc
- Is there a way to get refund for 26QB if paid twic
- How Important Is an MBA Course for Career Growth i
- Learn - How to Take Free Scheduled Auto Backup on
- UPi/Banking Remarks
- URGENT CLARIFICATION NEEDED REGARDING SFT- 005, PL
- What is the nature of business for Pranic Healing
- GST Clarification for billing
Related Topics
CAclubindia
