Tax audit query

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 September 2013 Dear sir,

I Like to ask if the Private Limited Companies Turnover is less than 1 crore in case of Business , whether the company has to e-file Audit Report 3CA & 3CD as applicable from F.y 2012-13 or it has to file e-return only.

As Companies has to do Audit Compulsory as per the companies Act, 1956.

14 September 2013 As sec. 44 AD not applicable to company then it is required to get audit only when turnover is more than 1 cr.

14 September 2013 In your case Sec 44AB not be applicable, Hence no Tax audit..

Form 3ca and 3cd are part of tax audit and not of audit under companies act. .

But you have to file your return under appropriate ITR..


14 September 2013 No need to file form 3CA,3CD as tax audit not applicable to you,,simply file income tax return



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