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QUERY AGAINST TAX AUDIT AND COST AUDIT AND COMPANY AUDIT

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..... Dear Sir/Ma'am, Actually, i am very confused and unhappy with my auditor because i am director of shestha india pvt ltd and i also finialized my company books of account but when i submit the finalized data to my auditor month of sep, 2023 then 20 days ago my auditor tell me your company is out of the tax audit thershold limit as well as they told me your company audit is exist under compa .....

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..... ny audit act. if my company turnover for assesment year (2023-24) approx. 3cr and my GP is 20% and NP is 1.22% 1. Please anyone tell me what is threshold limit of TAX AUDIT any profit creiteria limit due date interest penalty please give me the complete provision, rule, circular, notification for pvt ltd company tax audit. ? 2.Please anyone tell me what is threshold limit of compa .....

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..... ny audit any profit creiteria limit due date interest penalty please give me the complete provision, rule, circular, notification for pvt ltd company company audit. ? 3. Please anyone tell me what is threshold limit of cost audit any profit creiteria limit due date interest penalty please give me the complete provision, rule, circular, notification for pvt ltd company cost audit .....

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..... . ? 4. Please anyone tell me what is threshold limit of statutory audit any profit creiteria limit due date interest penalty please give me the complete provision, rule, circular, notification for pvt ltd company statutory audit. ? Please resolve my query with pracical example whether profit based/ thereshold limit based/or any other provision which is assigned by the company act 20 .....

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..... 13 Thanks Regards Shreshtha India Pvt Ltd - Reply By Padmanathan Kollengode - The Reply = Dear director, Even though your turnover is above 1 Cr, Income tax audit may not be required up to Rs.10 Crore if aggregate cash receipt and payment does not exceed 5% of total receipt and payment. This is as per proviso to section section 44AB(a) . However, the due date for filing Income Tax Retu .....

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..... rn is October 31, that is today under section 139 . Hope this solves your query. - QUERY AGAINST TAX AUDIT AND COST AUDIT AND COMPANY AUDIT - Query Started By: - Mail Box Dated:- 26-10-2023 Last Replied Date:- 31-10-2023 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxman .....

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..... agement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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