Tax audit related query for pvt ltd
This query is : Resolved
20 September 2023
One PVT ltd doing event management business and PVT LTD turnover is 1 crore and eighty lac and all transaction happened through bank account channel. and company profit is approximately 4.5 percentage. In this case tax audit mandatory OR Not?
21 September 2023
Tax audit not applicable as all transactions (receipts and payments) happened through bank.
21 September 2023
Yes, it's applicable for companies.
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