Society
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 August 2012
Please advise whether there is any audit mandatory for societies (NGO)?
Also whether tax audit limit of Rs 60 Lacs is applicable ?
Please also provide format of Audit report, balance sheet, notes of accounts.
Also whether tax audit limit of Rs 60 Lacs is applicable ?
Please also provide format of Audit report, balance sheet, notes of accounts.
12 August 2012
Yes, Statutory audit is required to societies. Yes the tax audit limit of Rs. 60 lacs is applicable.
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