Audit

This query is : Resolved 

20 February 2014 How many turnover for audit...
& pl explain the..what is benefit to do audit.??

21 February 2014 -Limit for Tax Audit;
1. Business- 1 Cr.,
2. Profession- 25 Lacs.

-There are many benefits of audit including;
1. More reliability of books, records and statements,
2. Better compliance possible,
3. True and fair position of business available etc.



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