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Profit prior to incorporation

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Why is tax audit fee divided in sales ratio. shouldn't it be completely post incorporation as audit is required for companies?

Aman Mahajan

CA Final

★ 19K+

26-Jan-21 11:04

352

Answers (1)

Best Answer

-> Tax audit has nothing to do with the constitution of the entity. -> It's applicability is based on turnover of the entity in the PY.

Deepak Gupta

CA Inter

★ 1K+

26-Jan-21 12:06

Sales

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