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Tax audit

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(Querist)
02 October 2017 A COMPANY MADE PROFIT IN FY 15-2016 AS PER BOOK (CO ACT) BUT LOSS IN CASE OF INCOME TAX ( DUE TO DIFF IN DEP)
IN THAT CASE IS TAX AUDIT UNDER 44AB OR 44AD WILL APPLICABLE OR NOT
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RAJA P M

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RAJA P M (Expert)
02 October 2017 Yes...
Tax Audit Required u/s 44ab...
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
02 October 2017 Tax audit applicable u/s 44AB only when the turnover exceeds 1 crore.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
02 October 2017 Company is not eligible to opt 44AD. Eligible assessee's are individual, HUF or partnership firm.
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RAJA P M

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RAJA P M (Expert)
02 October 2017 Dear Experts.,

It's going to Loss...?
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CA Mohit Kumar

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CA Mohit Kumar (Expert)
02 October 2017 if turnover is less than 1 cr then tax audit is not required

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