Difference
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 August 2011
sir wts difference between tax audit and other audit thanks always any link more useful
sir wts difference between tax audit and other audit thanks always any link more useful
29 August 2011
Each audit is mandated by respective legislation such as
1. Company Audit in accordance with Companies Act 1956, VAT audit as per VAT Act, Tax Audit as per Income Tax Act,
2. Tax Audit is with respect to turnover i.e where business turnover exceeds 60 lacs in previous year. As per companies Act, every company registered under the companies Act is require to get its accounts audited.
3. The Audit report and due date of filing audit also varies in each audit.
1. Company Audit in accordance with Companies Act 1956, VAT audit as per VAT Act, Tax Audit as per Income Tax Act,
2. Tax Audit is with respect to turnover i.e where business turnover exceeds 60 lacs in previous year. As per companies Act, every company registered under the companies Act is require to get its accounts audited.
3. The Audit report and due date of filing audit also varies in each audit.
Message likes :
1 times
29 August 2011
Agreed with experts.
Tax Audit is requirement of audit under Income Tax while other Audit are Specifically requirement of such other statue or if specifically asked by any of the legislative Department.
Tax Audit is requirement of audit under Income Tax while other Audit are Specifically requirement of such other statue or if specifically asked by any of the legislative Department.
Message likes :
1 times
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
- REGARDING GST ON COMMERICIAL PROPERTY
- 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
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- 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
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
Trending Online Classes
CAclubindia
