Tax audit for pvt ltd co

This query is : Resolved 

27 August 2013 ours is a pvt ltd co having turover is Rs.70 Lacs. whether tax audit is applicable to us or not guide. As per co act the same is applicable

27 August 2013 Not applicable as the taxable limit of 100 lacs is not crossed....

27 August 2013 Statutory Audit is applicable but Tax Audit is not applicable. Statutory Audit is governed by the Companies Act but Tax Audit is Governed by the Income Tax Act.




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