Is Audit U/s 44AB compulsary for every company????

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 September 2010 No trading/business activity in company during the year and fill a return of loss of RS 10150(which is total of only RoC exp & other exp)....Are liable to Audit U/s 44AB....
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CA. NIRMAL SINGH

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CA. NIRMAL SINGH (Expert)
16 September 2010 Statutory Audit is Compulsory but not the Tax audit
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
16 September 2010 Since there is no turnover... section 44AB will not apply
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VINOD ARORA

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VINOD ARORA (Expert)
16 September 2010 Agreed with expert Mr Jha.
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CA. Abhishek Sinha

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CA. Abhishek Sinha (Expert)
16 September 2010 Agreed....
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 September 2010 thanks to all

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