29 September 2019
i am director in a company with turnover of Rs22.00 lacs and net profit of Rs12000.00. please clarify the following 1.is it required to get audited under income tax act. 2.if yes which tax audit form is applicable form 3CA/3CB. 3.also clarify if it is being audited under companies act is audit under income tax also compulsory.
29 September 2019
1.is it required to get audited under income tax act.
- No need.
2.if yes which tax audit form is applicable form 3CA/3CB.
- 3CA
3.also clarify if it is being audited under companies act is audit under income tax also compulsory.
- No. Audit not required under IT act. ..
01 October 2019
3CAand,3CD tax audit is to be filled since turnover declared is less than presumptive income. Company independent Auditors report required for all companies registered under companies act.
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