16 October 2011
I WOULD LIKE TO THAT IF A COMPANY IS PVT LTD IS IT ENOUGH IF TAX AUDIT ALONE IS CONDUCTED ON YEARLY BASIS OR BOTH TAX AUDIT AND STATUTORY AUDIT HAS TO CONDUCTED IN A YEAR?
17 October 2011
Statutory audit is compulsory for the companies registered under the companies act in India. However, tax audit is required under income tax act on fulfilment of certain conditions made thereunder.
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