Tax audit u/s. 44AB

Not required. the company can produce the statutory audit report.

Here Tax Audit U/S 44AB is not applicable as the turnover is just Rs. 9lacs(less than 40lacs)

Every person carrying on business shall, if his total sales, turn over or gross recipts, as the case may be, in business exceeds Rs. 40,00,000 in any previous year

&

In the case of a person carrying on profession, if his gross receipts in profession exceeds Rs. 10,00,000 in any previous year

is required to get his accounts audited u/s 44AB.

So, If the turnover of the company is Rs. 9,00,000/- it is not liable for Tax Audit u/s 44AB at all.

44AB not attracted since the t/o lower than 40 lakhs /10 lakhs. Also check if the revenue gross receipts are lower than 40 lakhs/10 lakhs.

statutory audit is applicable as it is a company,

but tax audit is not applicable

section 44 AB is not attracted because turnover is less then the limit... rs. 40,00,000

My client is engaged in stock market business. if his turnover is rs. 2000000/- in intraday & rs. 2500000/- in delivery basis. whether he is liable for tax audit u/s. 44AB

In intraday transactions only net profit/loss is considered for turnover.

no ur client is not liable for tax audit

tax audit not applicable

no there is no need for tax audit

because tax audit limit is 40lacs

but in case of professional is 10 lacs

No, for Tax audit Limit is Rs.40 Lakhs