Tax Audit Who Should do it
This query is : Resolved
05 December 2008
Dear all,
When is it mandatory for a private limited company to get tax audit done? and who can do it. Is is necessary that a CA should do it?
When is it mandatory for a private limited company to get tax audit done? and who can do it. Is is necessary that a CA should do it?
05 December 2008
Whenever gross turnover of an assessee, engaged in business,exceeds Rupees Forty Lacs, audit under section 44AB of The Income Tax Act is mandatory irrespective of constitution of the assessee.And the same can be conducted only by a chartered accountant.
05 December 2008
When turnover of company exceeds Rs. 40 Lakhs in case of Business or Recipts exceed Rs. 10 Lakhs in case of profession , then it is neccessary to get its accounts audited as per Section 44AB of Income Tax Act.
Tax audit u/s 44AB of Income Tax Act can be done only by a Chartered Accountant.
Tax audit u/s 44AB of Income Tax Act can be done only by a Chartered Accountant.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- RCM INVOICING FROM NOV-2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
