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13 October 2018 IS IT NECESSARY TO FILE AUDIT FOR A COMPANY IF THE TURNOVER IS LOW

14 October 2018 Turn Over is Low means what?

14 October 2018 Filing of Income Tax Returns for Companies is Mandatory as per Income Tax Act, 1961 and also books have to be audited as per Companies Act, 2013.


15 October 2018 If Turn Over exceeding 1cr then Income Tax Audit applicable...
In case Turn Over not exceeding Rs 1Cr then No need Income Tax Audit for the Company. As per sec 44AB "The Company Audit is enough of less than Rs 1Cr".



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