If pvt ltd provinding professional services but this year no transaction of the income( No Income) only loss of 12000 in such case tax audit required?
2 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 07 October 2019
No need to Tax Audit u/s 44AB if Turn over less than 1cr.
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 07 October 2019
Audit is not required in this case.
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