A public company which is not required to gets its accounts audited under 44AB of IT Act, because it's turnover is only Rs. 60 lakhs, then, what will be the due date to file its return?
8 Replies
Akhil
(Student CA )
(1005 Points)
Replied 13 April 2019
it is immaterial with turnover as it is a company it is compulsory to audit the book
Adarsh Agrawal
(student)
(64 Points)
Replied 13 April 2019
Is tax audit mandatory even if turnover less than 1 cr for a co
Mayur Raiyani
(13 Points)
Replied 13 April 2019
due date is 30.09 irrespective of turnover or income Or loss.
Adarsh Agrawal
(student)
(64 Points)
Replied 13 April 2019
Means irrespective of whether tax audit applicable or not due date of filing return is 30 Sept na?
rama krishnan
(12244 Points)
Replied 13 April 2019
as per income-tax act only persons whose total turnover is more than 1 cr (for individual huf firm it's up to 2 crores) are liable to audit their books. however being a company it's mandatory to audit its books as per companies act irrespective of turnover
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