Easy Office
LCI Learning

private ltd company & 44AD

This query is : Resolved 
Profile Image

Profile Image

(Querist)
02 November 2017 since private ltd company is not eligible to to opt for section 44AD, can it very well declare profit below 8% with proper maintenance of book of account ? is there any need for tax audit
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
02 November 2017 No need of audit u/s 44AB.
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
02 November 2017 provided the turnover is below Rs 1 cr. if the turnover is above 1 cr, then audit is compulsory.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links