Tax audit
This query is : Resolved
03 October 2017
Is tax audit is required if (in case of company) turnover is less then 1 crore and also profit
03 October 2017
44AD is not applicable to Company.....
03 October 2017
Tax audit is compulsory for conpanies....
04 October 2017
can you please tell me the section which says that "TAX AUDIT IS COMPULSORY FOR COMPANIES?"
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04 October 2017
https://www.indiafilings.com/learn/tax-audit-for-business/
04 October 2017
Please stop posting this fake msg again& again.........
04 October 2017
Sorry wrongly posted
04 October 2017
https://www.google.co.in/search?hl=en-US&ie=UTF-8&source=android-browser&q=compulsory+audit+for+companies&gfe_rd=cr&dcr=0&ei=u-DUWcP6Marv8wely4Jg&gws_rd=ssl
04 October 2017
any section number of Income Tax Act?
04 October 2017
The link not says above said topic and It's have many more links...
04 October 2017
section number please........
05 October 2017
(1) If accounts are audited under any other law then section 44AB audit not required but Audit report in specified form to be submitted .
Example:- For Companies,Accounts Audited Under Companies Act called Statutory Audit, hence tax audit under Section 44AB not required to be conducted separately
However Certain reports to be furnished in Form 3CA+ Annexure in Form 3CD)
(2) If accounts are audited under any other section of income tax then separate tax audit under Section 44AB required
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05 October 2017
Mam,
The above said to points can't says "Tax Audit Compulsory"...!
1. Audited under any other law then Sec 44AB not required...
2. (Audited under any other section of INCOME TAX) then required 44AB..
The above said to points can't says "Tax Audit Compulsory"...!
1. Audited under any other law then Sec 44AB not required...
2. (Audited under any other section of INCOME TAX) then required 44AB..
05 October 2017
But audit is compulsory under Companies Act & then a CA has to give Report in 3CA & 3CD.
05 October 2017
Both are different law. As per IT act not required.
Please see the link you can get some clarity...
https://taxguru.in/company-law/internal-audit-section-138-companies-act-2013.html
Please see the link you can get some clarity...
https://taxguru.in/company-law/internal-audit-section-138-companies-act-2013.html
06 October 2017
inverse may NOT be true always.....
I think let us be "substance" driven rather than "form" driven
I think let us be "substance" driven rather than "form" driven
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