Tax audit of company

sweetyjain (assistant) (227 Points)

23 September 2018

Whether tax audit is compulsory for company if turnover is less than 1 crore.?????

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7 Replies

Jatin (Accountant) (3479 Points)
Replied 23 September 2018

No required if declare profit above 6% or 8%

sweetyjain (assistant) (227 Points)
Replied 23 September 2018

what about in case of loss???

Jatin (Accountant) (3479 Points)
Replied 23 September 2018

Audit not required

sweetyjain (assistant) (227 Points)
Replied 23 September 2018

in case of company provision of 6 or 8 not appliable

(Guest)

Not compulsory, but you can do

subhagan sreerangam (7040 Points)
Replied 23 September 2018

Compulsory audit turnover under GST is fixed at ₹ 2crore

Rohan Pramod Deshmukh (Proprietor) (23 Points)
Replied 26 September 2018

Tax audit is not compulsory in this case as Section 44AD & 44ADA are not applicable in case of company

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