A private ltd. co. having paid up capital of Rs. 5 crores is engaged in construction of a hotel and it has no revenue during the year 2012-13. It has a unit which operates a running hotel. The unit has been conducted its tax audit & Stat audit seperately.
My query is that whether the company is required for conducting tax audit after consolidation of financial statements with unit or not.
Please suggest...
CAclubindia
