44ab
This query is : Resolved
21 September 2013
Sir,
I have company with nil Revenue and incurred some fixed expenses ( Loss Return ).Is it a Tax Audit u/s 44ab ?
What will be the consequences if no audit report submitted?
I have company with nil Revenue and incurred some fixed expenses ( Loss Return ).Is it a Tax Audit u/s 44ab ?
What will be the consequences if no audit report submitted?
21 September 2013
No...Tax audit is applicable only if the conditions set in 44ab are satisfied.
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21 September 2013
yes, agree with experts opinion
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