IS COMPANY IS LEGALLY BOUND TO GET AUDIT THEIR ACCOUNTS UNDER SECTION 44AB
4 Replies
CA Gaurav Gupta
(Practice)
(307 Points)
Replied 23 September 2008
yes company is legaaly bound u/s 44AB
CA phanikumar chebolu
(B.com CMA (CS professional))
(556 Points)
Replied 23 September 2008
yes.... obviously...
Tharish V
(Student)
(988 Points)
Replied 23 September 2008
no.. audit is required only when the turnover exceeds the prescribed limit under sec.44AB of Income tax act... but under companies act every company is required to get audited... doesnt matter about the turnover under companies act...
CA. Saroj A. Joshi
(Chartered Accountant)
(35 Points)
Replied 23 September 2008
Yes !
Otherwise penalise under section 271B
Recent Topics
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
- How to reverse wrong transaction payment in phonep
- Issue with refund for person who has filed for rel
- How to take ITC for October 2024 GST Payment in PM
- How to refund a wrong transaction Phone Pe?
- Avoiding tax audit in case of intraday equity loss
Related Threads
CAclubindia
