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TAX Audit Requirement

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SELF EMPLYOED
211 Points Posted on 09 January 2021
Type - Private limited company
Turnover - 35 Lakhs
Net Profit - 1.2 Lakhs

required tax audit...?
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On 09 January 2021 at 16:22 Report
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Practice
3235 Points Posted on 09 January 2021
No as turnover does not cross the limit of Rs 1crore required by 44AB
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On 09 January 2021 at 17:15
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SELF EMPLYOED
211 Points Posted on 09 January 2021
What about lower than 8% profit
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On 09 January 2021 at 17:17
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Practice
3235 Points Posted on 09 January 2021
That is written in section 44AD which is applicable on individual HUF and Partnership Firm not to LLP or Company..
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On 09 January 2021 at 17:19
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SELF EMPLYOED
211 Points Posted on 09 January 2021
Okay...
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On 09 January 2021 at 17:30


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