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Querist : Anonymous

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Querist : Anonymous (Querist)
24 June 2013 is it compulsory for partnership to get its book audited whether the turnover is below of 1 crore???
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CA Kapil Verma

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CA Kapil Verma (Expert)
24 June 2013 no not required
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Querist : Anonymous

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Querist : Anonymous (Querist)
24 June 2013 Thank you Sir.
Sir can u guide me for the company its compulsory to be audited.
for partnership & individual when the turnover is above 1 crore than its compulsory to be audited????
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CA Kapil Verma

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CA Kapil Verma (Expert)
24 June 2013 yes as per company act, every company required to get audit.

for individual and partnership there is a limit of Rs.1 cr.

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