14 November 2014
whether a pvt ltd co. has turnover of Rs.69 lacs for FY 2013-14 and having net profit of less than 8%, require to get audit u/s 44AB or 44 AE.
14 November 2014
private limited company is not required to get the audit done if the turnover doesn't exceed the turnover limit under clause (a) or (b) of section 44AB. since the turnover is less than 1 cr, no audit is applicable.
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