auditing
This query is : Resolved
14 January 2011
when the auditing of a school from C.A. BECOME COMPULSORY. IS THERE ANY INCOME LIMIT.
ie after exceeding such limit it is compulsory to audit the account book school from a C.A.
ie after exceeding such limit it is compulsory to audit the account book school from a C.A.
14 January 2011
It is compulsory when :
1. If 80G certificate has been taken.
2. Its income crosses Rs.1,60,000/-.
For practical purpsoes, it is always advisable to have books of a school audited even if it is not statutorily covered.
1. If 80G certificate has been taken.
2. Its income crosses Rs.1,60,000/-.
For practical purpsoes, it is always advisable to have books of a school audited even if it is not statutorily covered.
14 January 2011
agreed better to opt audit then do it later
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
