AUDIT FOR PRIVATE LIMITED COMPANIES
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 April 2010
IS AUDIT COMPULSORY FOR EVERY PRIVATE LIMITED CO'S.
PLEASE LET ME KNOW THE DETAILS RELATING TO AUDIT OF PRIVATE LIMITED COMPANIES
PLEASE LET ME KNOW THE DETAILS RELATING TO AUDIT OF PRIVATE LIMITED COMPANIES
02 April 2010
every pvt.ltd. company compulsory for Tax Audit
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 April 2010
Thank you Sir.
Can you please quote some sections under the Companies act or under any other material to throw some more light on this topic
Can you please quote some sections under the Companies act or under any other material to throw some more light on this topic
02 April 2010
AS PER SEC 44AB TAX AUDIT REQUIRE ONLY WHEN CROSS THE LIMIT OF 40/10 LACS.
HENCE TAX AUDIT IS NOT COMPULSORY FOR EVERY CO.
BUT STATUTORY AUDIT IS COMPULSORY AS PER CO. ACT. SEC- 216,
HENCE TAX AUDIT IS NOT COMPULSORY FOR EVERY CO.
BUT STATUTORY AUDIT IS COMPULSORY AS PER CO. ACT. SEC- 216,
02 April 2010
Agree with CA Ashok.
Tax audit is compulsory for pvt. companies when its turnover is more then Rs.40 laks per annum. hence tax audit isnt compulsoty for every pvt. co.
Tax audit is compulsory for pvt. companies when its turnover is more then Rs.40 laks per annum. hence tax audit isnt compulsoty for every pvt. co.
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