A company’s turnover is Nil in current year. Should auditor file an audit report in 3CA-3CD as per Income Tax Act? Or file only Statutory Audit Report as per Companies Act (for ROC part)?
09 October 2017
As you turnover is NIL so you are not required for Tax audit i.e you are not required to file an audit report in 3CA-3CD as per Income Tax Act
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