Type - Private limited company
Turnover - 35 Lakhs
Net Profit - 1.2 Lakhs
required tax audit...?
4 Replies
CA ABHAY GUPTA
(Practice)
(3235 Points)
Replied 09 January 2021
No as turnover does not cross the limit of Rs 1crore required by 44AB
JITENDRA SINGHVI
(SELF EMPLYOED)
(211 Points)
Replied 09 January 2021
What about lower than 8% profit
CA ABHAY GUPTA
(Practice)
(3235 Points)
Replied 09 January 2021
That is written in section 44AD which is applicable on individual HUF and Partnership Firm not to LLP or Company..
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