Audit limit

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vinod kumar pal

vinod kumar pal (Querist)
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15 April 2015 Please tell me experts when audit applicable in respect of turnover and net profit

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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15 April 2015 only for internal audit there is limit u/s 138 so are u asking for internal or statutory audit?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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19 April 2015 Statutory Audit applicable for all Companies.

Tax Audit applicable u/s 44AB when Turnover is more than Rs 100 Lakh. For Professional when Gross Receipt is more then Rs 25 Lakh.

For Internal Audit Criteria see link given below:

http://taxguru.in/company-law/internal-audit-section-138-companies-act-2013.html

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