Tax audit applicable
This query is : Open
28 May 2017
Dear Expert,
I want to know that tax audit applicability in following :
1) The company is Nbfc
2) Income is 1.10 Crore including 92 Lacs dividend on shares & MF and profit on Sales of MF - 18 lacs.
3)No other income
4) Form 61A applicable or not to company.
Please advise me in above case Tax Audit applicable or not.
Thanks
I want to know that tax audit applicability in following :
1) The company is Nbfc
2) Income is 1.10 Crore including 92 Lacs dividend on shares & MF and profit on Sales of MF - 18 lacs.
3)No other income
4) Form 61A applicable or not to company.
Please advise me in above case Tax Audit applicable or not.
Thanks
29 May 2017
tax audit is required when turnover cross 2 crore in FY 16-17 ..but in your case it is below the limit hence, not applicable..
29 May 2017
Tax audit Is applicable For Turnover being above 1 CR if you are not oppting for sec 44 AD, since the income you have earned is not taxable like Dividend.
No Audit is applicable.
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29 May 2017
Form 61A applicable or not to company.
Is SFT Required to be Filled for Nil Transaction
Is SFT Required to be Filled for Nil Transaction
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