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Tax audit of a co.

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27 January 2012 If a Pvt Ltd. Company has receipts of only Rs. 2 Lac during a financial year then it is liable for tax audit or not....


Thanks in Advance
Amit Jain
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
27 January 2012 For Tax Audit the Turnover /Gross Receipt Limit is considered , which is 60.00 lacs.
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In this case Tax Audit is not required.
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Guest (Expert)
27 January 2012 TAX AUDIT NOT REQUIRED U/S 44AB
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