Statutory audit&tax audit
This query is : Resolved
16 October 2011
I WOULD LIKE TO THAT IF A COMPANY IS PVT LTD IS IT ENOUGH IF TAX AUDIT ALONE IS CONDUCTED ON YEARLY BASIS OR BOTH TAX AUDIT
AND STATUTORY AUDIT HAS TO CONDUCTED IN A YEAR?
AND STATUTORY AUDIT HAS TO CONDUCTED IN A YEAR?
16 October 2011
Both have to be conducted.
17 October 2011
Statutory audit is compulsory for the companies registered under the companies act in India. However, tax audit is required under income tax act on fulfilment of certain conditions made thereunder.
17 October 2011
If the turnover is below 60/15 lakh, then no need of Tax Audit.
But statutory audit of companies is always compulsory.
But statutory audit of companies is always compulsory.
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?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- RCM INVOICING FROM NOV-2024
- Should I report my US salary for January, February, March in Schedule FA?
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- 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
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
