filing of a income tax return
This query is : Resolved
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
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
31 December 2008
when ever compant get regd. it is compulary do audit ir respective of turnover as per companies Act.
31 December 2008
No, Tax Audit is required in case Sale, Turnover or Gross Receipt is 40lac or more. Pl refer to Sec 44AB
31 December 2008
Tax Audit is different from Company Audit. Tax Audit is only required when turnover exceeds 40lakhs.
01 January 2009
TAX AUDIT U/S 44AB GET COMPULSARY ONLY WHEN YOUR T/O OF SALES EXCEEDS RS 40 LKHS
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
