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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.
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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
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.
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
14 January 2011 agreed better to opt audit then do it later
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