Sec 44ab applicability

This query is : Resolved 

19 January 2012 Hi,

Whether Tax Audit is compulsory for all the Companies?
If a company's turnover/gross receipts is less than 60 lacs, does audit report of 3CA and 3CD is to be issued?


19 January 2012 No not compulsory for all companies. Required only when it crosses the limit of Rs 60 lacs.

20 January 2012 Thank you Mr. Sanjay Gupta.


20 January 2012 agreed with Sanjay

21 January 2012 NO 3CA OR 3CD REPORT IS TO BE ISSUED IF THERE IS NO TAX AUDIT AS PER 44AB



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