Tax audit & statutory audit
Querist : Anonymous
If a CA has done statutory audit of a Pvt. Ltd. company under Companies Act, then is it necessary to conduct Audit again u/s. 44AB of Income Tax Act or Statutory audit report can be produced?
I agree with Mr. B. Chackrpani .
But you have to keep in mind one thing ...
If company's turnover is less than limit specified u/s 44AB than Tax Audit should not be compulsory. Auditor shall conduct only statutory Audit and issue a report.
Querist : Anonymous
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