Poonawalla fincorps
Poonawalla fincorps

Tax audit-44ab

This query is : Resolved 
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(Querist)
01 July 2014 Dear Sir/Madam,
Did Section 44 AB applies, When a Private limited company suffer loss during the year and having a turnover of Rs.6 lakhs
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Ganeshbabu K

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Ganeshbabu K (Expert)
01 July 2014 For company tax audit applicable only when turnover exceeds 1 crore
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Rupesh Jain

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Rupesh Jain (Expert)
01 July 2014 as per company act you have to maintain the a/c and also make audit report under the company act.
you take to tax audit report.
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