Applicability of Tax audit

actually tax audit is compulsory for every company whether public co. or pvt. co

limit for under section 44 ab audit is for busniess and profession income

tax audit is compulsory for a company....be it private or public

Tax Audit u/s 44AB is applicable only if PGBP is > 40(or 60) Lakhs.

But Statutory Audit under the Companies Act, 1956 is necessary.

In your case, Share of profit from AOP shall be counted in PGBP for calculating threshhold limit.

Interest income will not be counted in calculating above threshhold limit, if it is established as an investment income & not the income incidental to business activities.