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filing of a income tax return

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(Querist)
31 December 2008 dear Sir,

is it every company is liable to Tax Audit ?

Even the Company is under progress of Capital Asset Formation to Construct a building for operations.

There is no turnover for the company
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dhaval

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dhaval (Expert)
31 December 2008 when ever compant get regd. it is compulary do audit ir respective of turnover as per companies Act.
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
31 December 2008 No, Tax Audit is required in case Sale, Turnover or Gross Receipt is 40lac or more. Pl refer to Sec 44AB
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
31 December 2008 Tax Audit is different from Company Audit. Tax Audit is only required when turnover exceeds 40lakhs.
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C A GROUP COACHING

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C A GROUP COACHING (Expert)
01 January 2009 TAX AUDIT U/S 44AB GET COMPULSARY ONLY WHEN YOUR T/O OF SALES EXCEEDS RS 40 LKHS

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