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Profit prior to incorporation

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


Aman Mahajan

Aman Mahajan

CA Inter

18K+

26-Jan-21 11:04

10

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

Deepak Gupta

CA Inter

775

26-Jan-21 12:06