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Is Tax Audit & Statutory Audit same for Companies.

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(Querist)
11 October 2010 is tax audit & statutroy audit same for companies.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
11 October 2010 Statutory Audit is compulsory for all companies. Tax audit is required for companies whose turnover exceeds Rs Sixty Lacs (from Fy 2010-11) earlier this limit was Rs 40 Lacs.
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CA Amit Joshi

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CA Amit Joshi (Expert)
11 October 2010 Agree with Sanjay Ji......
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