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Audit of Company

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(Querist)
12 October 2017 Conditions for tax audit of company as per income tax act
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
12 October 2017 If the turnover exceeds Rs 1 CR
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
12 October 2017 1. If your gross turnover exceeds Rs.1 crore in case of business. 2. If your gross receipts exceed Rs.5000000/- in case of profession. 3. You declare profit u/s 44AD less than 8% of turnover.( turnover upto Rs.2 crore)
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
01 October 2021 Sorry, Company cannot opt for Sec, 44AD...

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